<PAGE>

                  COMMON STOCK AND WARRANT PURCHASE AGREEMENT

                                    between

                                 PIXTECH, INC.

                                      and

                                 MOTOROLA, INC.


                          dated as of February 6, 1997
<PAGE>

                               TABLE OF CONTENTS
<TABLE>
<CAPTION>

<S>        <C>                                                               <C>
SECTION 1. Authorization of Sale of the Shares..............................
           -----------------------------------

SECTION 2. Authorization of Issuance of the Warrant.........................   1
           ----------------------------------------

SECTION 3. Sale of the Shares...............................................   2
           ------------------

SECTION 4. Sale of the Warrant..............................................   2
           -------------------

SECTION 5. Delivery of the Shares at the Closing............................   2
           -------------------------------------

SECTION 6. Assignment of Rights to Receive Payments under Diamond License...   2
           --------------------------------------------------------------

SECTION 7. Representations, Warranties and Covenants of PixTech.............   2
           ----------------------------------------------------
     7.1   Organization and Qualification...................................   2
           ------------------------------
     7.2   Authorized Capital Stock.........................................   2
           ------------------------
     7.3   Consents; Due Execution; Delivery and Performance of the
           --------------------------------------------------------
           Agreement........................................................   3
           ---------
     7.4   Issuance, Sale and Delivery of the Shares........................   3
           -----------------------------------------
     7.5   Exempt Transaction...............................................   3
           ------------------
     7.6   Compliance with Rule 144.........................................   3
           ------------------------
     7.7   Disclosure.......................................................   3
           ----------
     7.8   Additional Information...........................................   4
           ----------------------
     7.9   No Material Changes..............................................   4
           -------------------

SECTION 8. Representations, Warranties and Covenants of Motorola............   4
           -----------------------------------------------------
     8.1   Investment Considerations........................................   4
           -------------------------
     8.2   Due Execution, Delivery and Performance of the Agreement.........   5
           --------------------------------------------------------

SECTION 9. Conditions to the Obligations of the Purchasers..................   6
           -----------------------------------------------
     9.1   Accuracy of Representations and Warranties.......................   6
           ------------------------------------------
     9.2   Performance......................................................   6
           -----------
     9.3   Opinion of Counsel...............................................   6
           ------------------
     9.4   Closing of the Offering..........................................   6
           -----------------------
     9.5   Amendment of Cooperation and License Agreement...................   6
           ----------------------------------------------
     9.6   Certificates and Documents.......................................   6
           --------------------------
     9.7   Other Matters....................................................   6
           -------------

SECTION 10. Conditions to the Obligations of PixTech........................   7
            ----------------------------------------
     10.1  Accuracy of Representations and Warranties.......................   7
           ------------------------------------------
     10.2  Amendment of Cooperation Agreement...............................   7
           ----------------------------------

SECTION 11. Registration Rights.............................................   7
            -------------------
     11.1  Registration of Shares and Warrant Shares........................   7
           -----------------------------------------
     11.2  Indemnification..................................................   8
           ---------------
     11.3  "Stand-Off" Agreement............................................   9
           ---------------------
</TABLE>


<PAGE>

<TABLE>
<S>                     <C>                                              <C>
     11.4   Termination.....................................................   9
            -----------
SECTION 12.  Board Attendance and Representation............................  10
             -----------------------------------
     12.1   Observation Rights.............................................   10
            ------------------
     12.2   Election of Board Representative................................  10
            --------------------------------
SECTION 13.  Survival of Representations, Warranties and Agreements;
             ------------------------------------------------------
            Assignibility of Rights.........................................  10
            -----------------------
SECTION 14.  Miscellaneous..................................................  10
             -------------
     14.1   Notices.........................................................  10
            -------
     14.2   Entire Agreement................................................  11
            ----------------
     14.3   Assignment......................................................  11
            ----------
     14.4   Amendments and Waivers..........................................  12
            ----------------------
     14.5   Headings........................................................  12
            --------
     14.6   Severability....................................................  12
            ------------
     14.7   Governing Law...................................................  12
            -------------
     14.8   Counterparts....................................................  12
            ------------
     14.9   Expenses........................................................  12
            --------
     14.10  Publicity.......................................................  12
            ---------
     14.11  Confidentiality.................................................  12
            ---------------
</TABLE>


                                     -ii-
<PAGE>

                  COMMON STOCK AND WARRANT PURCHASE AGREEMENT


     THIS COMMON STOCK AND WARRANT PURCHASE AGREEMENT dated as of February 6,
1997 (the "Agreement") is made between PIXTECH, INC., a corporation organized
under the laws of the State of Delaware having its principal offices at Avenue
Olivier Perroy, Zone Industrielle de Rousset, 13790 Rousset France, ("PixTech"),
and MOTOROLA, INC., a corporation organized under the laws of the State of
Delaware having its principal offices at 1303 E. Algonquin Road, Schaumburg, IL
60196 ("Motorola").

                                 R E C I T A L

     PixTech desires to sell to Motorola, and Motorola desires to purchase from
PixTech, shares of PixTech's common stock and warrants to purchase shares of
PixTech's common stock on the terms described herein.

     NOW THEREFORE, in consideration of the premises and of the covenants herein
contained, the parties hereto mutually agree as follows:

     SECTION 1.  Authorization of Sale of the Shares.  Subject to the terms and
                 -----------------------------------
conditions of this Agreement, PixTech has authorized the sale to Motorola of up
to that number of shares of the Common Stock, par value $0.01 per share (the
"Common Stock"), of PixTech equal to 3.5% of the Outstanding Shares of Common
Stock, as defined below.  Collectively, the shares of Common Stock which may be
purchased pursuant to this Section 1 are referred to herein as the "Shares."  As
used herein, the "Outstanding Shares of Common Stock" shall mean a number of
Shares equal to the sum of (i) the number of shares of PixTech Common Stock
issued and outstanding on the third business day prior to the Closing Date, as
defined below, as reported in writing by American Stock Transfer & Trust
Company, PixTech's transfer agent, and (ii) the aggregate number of shares sold
by PixTech in (A) its European offering (the "European Offering") pursuant to
PixTech's Preliminary Prospectus dated November 28, 1996, and any amendments or
supplements thereto (the "Prospectus") and (B) any other public or private
offering of shares of Common Stock which together result in net proceeds to
PixTech of at least $15 million (collectively with the European Offering, the
"Offering").

     SECTION 2.  Authorization of Issuance of the Warrant.  Subject to the terms
                 ----------------------------------------
and conditions of this Agreement, PixTech has authorized the issuance to
Motorola of a warrant, substantially in the form attached hereto as Exhibit A
                                                                    ---------
(the "Warrant"), to purchase a number of shares of Common Stock equal to the
number of Shares purchased by Motorola pursuant to this Agreement.

                                       1
<PAGE>

     SECTION 3.  Sale of the Shares.  Concurrently with the closing of the
                 ------------------
Offering (the "Closing"), or at such other time to be mutually agreed upon by
PixTech and Motorola, PixTech shall sell to Motorola, and Motorola shall
purchase from PixTech, upon the terms and conditions hereinafter set forth, the
Shares, at a price per share equal to the lesser of (i) $5.50 or (ii) the lowest
price per share at which PixTech sells any shares of Common Stock in the
Offering (as so determined, the "Per Share Price")  The aggregate purchase price
for the Shares, determined by multiplying the total number of Shares to be sold
to Motorola pursuant to Section 1 by the Per Share Price, is referred to herein
as the "Aggregate Purchase Price".

     SECTION 4.  Sale of the Warrant.  Subject to the terms and conditions
                 -------------------
hereinafter set forth, at the Closing, PixTech shall issue to Motorola the
Warrant.

     SECTION 5.  Delivery of the Shares at the Closing.  The closing of the
                 -------------------------------------
purchase and sale of Shares shall occur on the date of the Closing of the
Offering (the "Closing Date") or at such other time and at a place to be agreed
upon by PixTech and Motorola.  Subject to the terms and conditions of this
Agreement, at the Closing, Motorola shall pay to PixTech an amount in cash equal
to the Aggregate Purchase Price less $1.4 million and PixTech shall deliver to
Motorola one or more stock certificates registered in the name of Motorola, or
in such nominee name(s) as designated by Motorola, representing the number of
Shares being purchased.

     SECTION 6.  Assignment of Rights to Receive Payments under Diamond License.
                 --------------------------------------------------------------
As additional consideration for the Shares, the parties hereto agree that upon
the Closing Motorola's rights to receive payments of $1.5 million from PixTech
S.A. after the Closing Date pursuant to Section 3.1 of the DLC Patent Cross-
License Agreement between PixTech S.A. and Motorola dated as of June 13, 1996
(the "Diamond License") shall hereby be assigned to PixTech.  PixTech, PixTech
S.A. and Motorola agree that the provisions of this Section 6 shall constitute
an amendment of Section 3.1 of the Diamond License, effective as of the Closing.

     SECTION 7.  Representations, Warranties and Covenants of PixTech.  PixTech
                 ----------------------------------------------------
hereby represents and warrants to, and covenants with, Motorola as follows:

          7.1  Organization and Qualification.  PixTech is a corporation duly
               ------------------------------
organized, validly existing and in good standing under the laws of the State of
Delaware and has all requisite corporate power and authority to conduct its
business as currently conducted.

          7.2  Authorized Capital Stock.  As of the date hereof, the authorized
               ------------------------
capital stock of PixTech consists of (a) 30,000,000 shares of common stock,
$0.01 par value per share, of which on January 27, 1996, 8,141,696 shares were
validly issued and outstanding, fully paid and non-assessable, and (b) 1,000,000
shares of undesignated preferred stock, $0.01 par value per share, none of which
are issued and outstanding.

                                       2
<PAGE>

          7.3  Consents; Due Execution; Delivery and Performance of the
               --------------------------------------------------------
Agreement.  PixTech's execution, delivery and performance of this Agreement and
---------
the Warrant (a) has been duly authorized under Delaware law by all requisite
corporate action by PixTech, (b) will not violate any law or the Restated
Certificate of Incorporation or Restated By-laws of PixTech or any other
corporation of which PixTech owns at least 50% of the outstanding voting stock
(a "PixTech Subsidiary") or any provision of any material indenture, mortgage,
agreement, contract or other material instrument to which PixTech or any PixTech
Subsidiary is a party or by which any of their respective properties or assets
is bound as of the date hereof or (c) require any consent by any person under,
constitute or result (upon notice or lapse of time or both) in a breach of any
term, condition or provision of, or constitute a default or give rise to any
right of termination or acceleration under any such indenture, mortgage,
agreement, contract or other material instrument or result in the creation or
imposition of any lien, security interest, mortgage, pledge, charge or other
encumbrance, of any material nature whatsoever, upon any properties or assets of
PixTech or any PixTech Subsidiary.  Upon its execution and delivery, and
assuming the valid execution thereof by Motorola, the Agreement will constitute
a valid and binding obligation of PixTech, enforceable against PixTech in
accordance with its terms, except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting
creditors' and contracting parties' rights generally and except as
enforceability may be subject to general principles of equity (regardless of
whether such enforceability is considered in a proceeding in equity or at law).

          7.4  Issuance, Sale and Delivery of the Shares.  When issued and paid
               -----------------------------------------
for, the Shares to be sold hereunder by PixTech, and the shares issuable upon
exercise of the Warrant (the "Warrant Shares"), will be validly issued and
outstanding, fully paid and non-assessable.

          7.5  Exempt Transaction.  Subject to the accuracy of Motorola's
               ------------------
representations in Section 8.1 of this Agreement, the issuance of the Shares,
the Warrant and the Warrant Shares (upon exercise of the Warrant) will
constitute a transaction exempt from (i) the registration requirements of
Section 5 of the Securities Act of 1933, as amended (the "Securities Act"), in
reliance upon Section 4(2) of the Securities Act and the regulations promulgated
pursuant thereto and (ii) the qualification requirements of the Illinois
Securities Law, in reliance upon Section 4 (5/4) (C) thereof.

          7.6  Compliance with Rule 144.  At the written request of Motorola,
               ------------------------
PixTech shall furnish to Motorola, within ten days after receipt of such
request, a written statement confirming PixTech's compliance with the filing
requirements of the Securities and Exchange Commission (the "SEC") set forth in
SEC Rule 144 as amended from time to time.

          7.7  Disclosure.  Neither this Agreement, nor any other items prepared
               ----------
or supplied to Motorola by or on behalf of PixTech with respect to the
transactions contemplated hereby contain any untrue statement of a material fact
or omit a material fact necessary to make each statement contained herein or
therein not misleading.  There is no fact which PixTech has not disclosed to
Motorola in writing and of which any of its directors or executive officers is
aware (other than general economic conditions) and which has had or would
reasonably be expected to have a material adverse effect upon the financial
condition,

                                       3
<PAGE>

operating results, assets, customer or supplier relations, employee relations or
business prospects of PixTech or PixTech Subsidiaries taken as a whole.

          7.8  Additional Information.  All reports filed by PixTech with the
               ----------------------
SEC pursuant to the reporting requirements of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), when filed, did not contain any untrue
statement of a material fact or omit to state any material fact required to be
stated therein or necessary to make the statements therein, in light of the
circumstances in which they were made, not misleading.  PixTech has made all
filings with the SEC which it is required to make, and PixTech has not received
any request from the SEC to file any amendment or supplement to any such
reports.

          7.9  No Material Changes.  As of the date hereof, there has been no
               -------------------
material adverse change in the financial condition or results of operations of
PixTech since the filing date of PixTech's last report with the Securities and
Exchange Commission pursuant to the reporting requirements of the Exchange Act.

     SECTION 8.  Representations, Warranties and Covenants of Motorola.
                 -----------------------------------------------------

          8.1  Investment Considerations.  Motorola represents and warrants to,
               -------------------------
and covenants with, PixTech that:

               (a) Motorola is knowledgeable, sophisticated and experienced in
          making, and is qualified to make, decisions with respect to
          investments in shares presenting an investment decision like that
          involved in the purchase of the Shares, including investments in
          securities issued by companies comparable to PixTech, and has
          requested, received, reviewed and considered all information it deems
          relevant in making an informed decision to purchase the Shares;

               (b) Motorola is acquiring the number of Shares set forth in
          Section 2 above, and the Warrant Shares, in the ordinary course of its
          business and for its own account for investment only and with no
          present intention of distributing any of such Shares or any
          arrangement or understanding with any other persons regarding the
          distribution of such Shares;

               (c) Motorola understands that the Shares it is purchasing, and
          the Warrant Shares, are, and will be, "restricted securities" under
          the federal securities laws inasmuch as they are being acquired from
          PixTech in a transaction not involving a public offering and that
          under such laws and applicable regulations such securities may be
          resold without registration under the Securities Act only in certain
          limited circumstances.  In this connection Motorola represents that it
          is familiar with SEC Rule 144, as presently in effect, and understands
          the resale limitations imposed thereby and by the Securities Act;

               (d) Motorola will not, directly or indirectly, offer, sell,
          pledge, transfer or otherwise dispose of (or solicit any offers to
          buy, purchase or

                                       4
<PAGE>

          otherwise acquire or take a pledge of) any of the Shares except in
          compliance with the Securities Act, and the rules and regulations
          promulgated thereunder.

               (e) Motorola qualifies as an "accredited investor" within the
          meaning of Rule 501(a)(3) of Regulation D promulgated under the
          Securities Act and constitutes a purchaser described in Section 4
          (5/4) (C) of the Illinois Securities Law; and

               (f) It is understood that the certificates evidencing the Shares
          shall bear the following legend unless and until the resale of the
          Shares pursuant to an effective Registration Statement or until the
          Shares may be sold under Rule 144 without restrictions:

     THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.
     THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE
     ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE
     SECURITIES UNDER SUCH ACT OR, IF REQUESTED BY PIXTECH, AN OPINION OF
     COUNSEL REASONABLY SATISFACTORY TO PIXTECH AND ITS COUNSEL, THAT SUCH
     REGISTRATION IS NOT REQUIRED UNDER SUCH ACT.

          8.2  Due Execution, Delivery and Performance of the Agreement.
               --------------------------------------------------------
Motorola further represents and warrants to, and covenants with, PixTech that
(a) Motorola is a corporation duly organized, validly existing and in good
standing under the laws of the State of Delaware and has full right, power,
authority and capacity to enter into this Agreement and to consummate the
transactions contemplated hereby and has taken all necessary action to authorize
the execution, delivery and performance of this Agreement, (b) the execution,
delivery and performance of this Agreement will not violate any law or the
charter documents of Motorola or any other corporation of which Motorola owns at
least 50% of the outstanding voting stock (a "Motorola Subsidiary") or any
provision of any material indenture, mortgage, agreement, contract or other
material instrument to which Motorola or any Motorola Subsidiary is a party or
by which Motorola, any Motorola Subsidiary, or any of their respective
properties or assets is bound as of the date hereof, or result in a breach of or
constitute (upon notice or lapse of time or both) a default under any such
indenture, mortgage, agreement, contract or other material instrument or result
in the creation or imposition of any lien, security interest, mortgage, pledge,
charge or encumbrance, of any material nature whatsoever, upon any assets of
Motorola or any Motorola Subsidiary, and (c) upon the execution and delivery of
this Agreement, and assuming the valid execution thereof by PixTech, this
Agreement shall constitute a valid and binding obligation of Motorola
enforceable in accordance with its terms, except as enforceability may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting creditors' and contracting parties' rights generally and
except as enforceability may be subject to general principles of equity
(regardless of whether such enforceability is considered in a proceeding in
equity or at law).

                                       5
<PAGE>

     SECTION 9.  Conditions to the Obligations of the Purchasers.
                 -----------------------------------------------

          The obligations of Motorola under this Agreement are subject to the
fulfillment, or the waiver by Motorola, of the conditions set forth in this
Section 9 on or before the Closing Date.

          9.1  Accuracy of Representations and Warranties.  Each representation
               ------------------------------------------
and warranty of PixTech contained in this Agreement shall be true on and as of
the Closing Date with the same effect as though such representation and warranty
had been made on and as of that date.

          9.2  Performance.  PixTech shall have performed and complied with all
               -----------
agreements and conditions contained in this Agreement required to be performed
or complied with by PixTech prior to or at the Closing.

          9.3  Opinion of Counsel.  Motorola shall have received an opinion from
               ------------------
Palmer & Dodge LLP, counsel to PixTech, dated as of the Closing Date, addressed
to Motorola, and substantially in the form attached hereto as Exhibit B.
                                                              ---------

          9.4  Closing of the Offering.  The Offering shall have closed and
               -----------------------
resulted in net proceeds to PixTech of not less than $15,000,000.

          9.5  Amendment of Cooperation and License Agreement.  The Amendment
               ----------------------------------------------
No. 1 to the Cooperation and License Agreement between PixTech S.A. and Motorola
dated June 12, 1995 (the "Cooperation Agreement") shall have been executed in a
form mutually acceptable to Motorola, PixTech and PixTech S.A.

          9.6  Certificates and Documents.  PixTech shall have delivered to
               --------------------------
counsel to Motorola:

          (a) a certificate of the Secretary or Assistant Secretary of PixTech
dated as of the Closing Date, certifying as to (i) the incumbency of officers of
PixTech executing this Agreement and all other documents executed and delivered
in connection herewith, (ii) a copy of the By-Laws of PixTech, as in effect on
and as of the Closing Date, and (iii) a copy of the resolutions of the Board of
Directors of PixTech authorizing and approving PixTech's execution, delivery and
performance of this Agreement, all matters in connection with this Agreement,
and the transactions contemplated thereby.

          (b) a certificate, executed by the President of PixTech as of the
Closing Date, certifying to the fulfillment of all of the conditions to
Motorola's obligations under this Agreement, as set forth in this Section 9.

          9.7  Other Matters.  All corporate and other proceedings in connection
               -------------
with the transactions contemplated at the Closing by this Agreement, and all
documents and instruments incident to such transactions, shall be reasonably
satisfactory in substance and form to Motorola and its counsel, and Motorola and
its counsel shall have received all such

                                       6
<PAGE>

counterpart originals or certified or other copies of such documents as they may
reasonably request.

     SECTION 10.  Conditions to the Obligations of PixTech.
                  ----------------------------------------

          The obligations of PixTech under this Agreement are subject to the
fulfillment, or the waiver by PixTech, of the conditions set forth in this
Section 10 on or before the Closing Date.

          10.1 Accuracy of Representations and Warranties.  Each representation
               ------------------------------------------
and warranty of Motorola contained in this Agreement shall be true on and as of
the Closing Date with the same effect as though such representations and
warranties had been made on and as of that date.

          10.2 Amendment of Cooperation Agreement.  The Amendment No. 1 to the
               ----------------------------------
Cooperation Agreement shall have been executed by Motorola and PixTech S.A.

     SECTION 11.  Registration Rights.
                  -------------------

          11.1 Registration of Shares and Warrant Shares.  PixTech covenants and
               -----------------------------------------
agrees that it will:

               (a) promptly following the Closing, prepare and file a
          registration statement on one or more Forms S-3 covering the resale of
          the Shares and the Warrant Shares by Motorola, and use its best
          efforts to cause such registration statement to become effective in
          order that Motorola may sell its Shares in accordance with the
          proposed plan of distribution;

               (b) prepare and file with the Securities and Exchange Commission
          such amendments and supplements to such registration statement(s) and
          the prospectus used in connection therewith as may be necessary to
          keep such registration statement effective and to comply with the
          provisions of the Securities Act with respect to the resale of the
          Shares and Warrant Shares covered by such registration statement(s)
          until such time as Motorola no longer holds any of the Shares or the
          Warrants Shares;

               (c) furnish Motorola such number of copies of such prospectus as
          it may reasonably request in order to facilitate the resale of the
          Shares or the Warrant Shares;

               (d) file documents required of PixTech for blue sky clearance in
          states specified in writing by Motorola; provided, however, that
                                                   --------  -------
          PixTech shall not be required to qualify to do business or consent to
          service of process in any jurisdiction in which it is now not so
          qualified or has not so consented; and

                                       7
<PAGE>

               (e) bear all expenses in connection with the procedures set forth
          in paragraphs (a) through (d) of this Section 11 and the registration
          of the Shares pursuant to the registration statement, other than fees
          and expenses, if any, of counsel or other advisors to Motorola.

          11.2 Indemnification.  For the purpose of this Section 11.2,
               ---------------

               (a) the term "Selling Stockholder" shall mean Motorola and any
          officer, director, employee, agent, affiliate or person deemed to be
          in control of Motorola within the meaning of Section 15 of the
          Securities Act or Section 20 of the Exchange Act;

               (b) the term "Registration Statement" shall mean any final
          prospectus, exhibit, supplement or amendment included in or relating
          to the registration statement referred to in Section 11.1; and

               (c) the term "untrue statement" shall mean any untrue statement
          or alleged untrue statement of, or any omission or alleged omission to
          state, in the Registration Statement a material fact required to be
          stated therein or necessary to make the statements therein, in the
          light of the circumstances under which they were made, not misleading.

     PixTech agrees to indemnify and hold harmless each Selling Stockholder from
and against any losses, claims, damages or liabilities to which such Selling
Stockholder may become subject (under the Securities Act or otherwise) insofar
as such losses, claims, damages or liabilities (or actions or proceedings in
respect thereof) arise out of, or are based upon, any untrue statement of a
material fact contained in the Registration Statement on the effective date
thereof, or arise out of any failure by PixTech to fulfill any undertaking
included in the Registration Statement and PixTech will reimburse such Selling
Stockholder for any reasonable legal or other expenses reasonably incurred in
investigating, defending or preparing to defend any such action, proceeding or
claim; provided, however, that PixTech shall not be liable in any such case to
       --------  -------
the extent that such loss, claim, damage or liability arises out of, or is based
upon, an untrue statement made in such Registration Statement in reliance upon
and in conformity with written information furnished to PixTech by or on behalf
of such Selling Stockholder specifically for use in preparation of the
Registration Statement, or any statement or omission in any Prospectus that is
corrected in any subsequent Prospectus that was delivered to Motorola prior to
the pertinent sale or sales by Motorola.

     Motorola agrees to indemnify and hold harmless PixTech (and each person, if
any, who controls PixTech within the meaning of Section 15 of the Securities
Act, each officer of PixTech who signs the Registration Statement and each
director of PixTech) from and against any losses, claims, damages or liabilities
to which PixTech (or any such officer, director or controlling person) may
become subject (under the Securities Act or otherwise), insofar as such losses,
claims, damages or liabilities (or actions or proceedings in respect thereof)
arise out of, or are based upon, any untrue statement of a material fact
contained in the Registration Statement on the effective date thereof if such
untrue statement was made in reliance upon and in conformity with written
information furnished by or on behalf of

                                       8
<PAGE>

Motorola specifically for use in preparation of the Registration Statement, and
Motorola will reimburse PixTech (or such officer, director or controlling
person, as the case may be), for any legal or other expenses reasonably incurred
in investigating, defending, or preparing to defend any such action, proceeding
or claim; provided, however, that Motorola shall not be liable for any statement
          --------  -------
or omission in any Prospectus that is corrected in any subsequent Prospectus
that was delivered to Motorola prior to the pertinent sale or sales by Motorola.

     Promptly after receipt by any indemnified person of a notice of a claim or
the commencement of any action in respect of which indemnity is to be sought
against an indemnifying person pursuant to this Section 11.2, such indemnified
person shall notify the indemnifying person in writing of such claim or of the
commencement of such action, and, subject to the provisions hereinafter stated,
in case any such action shall be brought against an indemnified person and such
indemnifying person shall have been notified thereof, such indemnifying person
shall be entitled to participate therein, and, to the extent it shall wish, to
assume the defense thereof, with counsel reasonably satisfactory to such
indemnified person.  After notice from the indemnifying person to such
indemnified persons of its election to assume the defense thereof, such
indemnifying person shall not be liable to such indemnified person for any legal
expenses subsequently incurred by such indemnified person in connection with the
defense thereof; provided, however, that if there exists or shall exist a
                 --------  -------
conflict of interest that would make it inappropriate, in the opinion of counsel
to the indemnified person, for the same counsel to represent both the
indemnified person and such indemnifying person or any officer, director,
employee, agent, affiliate or person deemed to be in control of such
indemnifying person within the meaning of either Section 15 of the Securities
Act or Section 20 of the Exchange Act, the indemnified person shall be entitled
to retain its own counsel at the expense of such indemnifying person.  It is
understood, however, that PixTech shall, in connection with any one such action,
suit or proceeding or separate but substantially similar or related actions,
suits, or proceedings in the same jurisdiction arising out of the same general
allegations or circumstances, be liable for the reasonable fees and expenses of
only one separate firm of attorneys (in addition to any local counsel) at any
time for all such indemnified parties not having actual or potential differing
interests with PixTech or among themselves.

          11.3 "Stand-Off" Agreement.  If Motorola holds any Shares at such time
               ---------------------
as PixTech proposes to offer shares of its Common Stock or other securities for
sale in a registered public offering, then Motorola agrees not to sell or
otherwise transfer or dispose of any such Shares or other securities of PixTech
held by it during the period commencing 10 days prior to, and expiring 180 days
after, such registered public offering has become effective, provided, that all
executive officers and directors of PixTech enter into similar agreements.
PixTech may impose stop transfer instructions with respect to the Shares or
other securities subject to the foregoing restriction until the end of any
stand-off period.

          11.4 Termination.  Motorola's registration rights hereunder shall
               -----------
terminate as to any Shares or Warrant Shares when such Shares or Warrant Shares
are no longer held by Motorola.

                                       9
<PAGE>

     SECTION 12.  Board Attendance and Representation.
                  -----------------------------------

          12.1 Observation Rights.  Until the earlier of (i) the expiration of
               ------------------
the Warrant, (ii) the sale by Motorola of any of the Shares or (iii) the
election of a representative of Motorola to the Board of Directors of PixTech
pursuant to Section 12.2 hereof, PixTech shall permit one representative of
Motorola to attend, at Motorola's expense, all meetings of the Board of
Directors of PixTech, and of any other committee or group exercising
responsibilities comparable to those exercised by the Board of Directors, as
non-participating observers of such meetings.  The Company shall give each
Purchaser such notice and materials of any such meeting as shall be given to
members of the Board of Directors or committees thereof.

          12.2 Election of Board Representative.  In the event that Motorola
               --------------------------------
exercises the Warrant in full, and has not at such time sold any of the Shares,
PixTech will use its best efforts to (i) at the next regularly scheduled meeting
of the Board of Directors following such exercise, cause the Directors to
enlarge the number of members of the Board and to elect a representative
designated by Motorola in writing to fill the vacancy so created (to the extent
permitted by PixTech's Restated By-laws and Restated Certificate of
Incorporation and applicable law) and (ii) thereafter support the reelection of
such representative until Motorola sells any of its shares of PixTech Common
Stock; provided that the cashless exercise of the Warrant pursuant to the
       --------
Conversion Right (as defined in Section 2.3 of the Warrant) shall not constitute
a sale of any shares of PixTech Common Stock for purposes of this Section 12.2.
If such representative of Motorola resigns or is removed from the Board of
Directors at any time that PixTech remains obligated pursuant to this Section
12.2, then PixTech shall use its best efforts to cause a successor designated by
Motorola in writing to be elected to fill the vacancy created by such
resignation or removal.

     SECTION 13.  Survival of Representations, Warranties and Agreements;
                  -------------------------------------------------------
Assignibility of Rights.  Notwithstanding any investigation made by any party to
-----------------------
this Agreement, all covenants, agreements, representations and warranties made
by PixTech and Motorola herein, except as otherwise provided herein, shall
survive the execution of this Agreement, the delivery to Motorola of the Shares
and the Warrant being purchased and the payment therefor.  Except as otherwise
provided herein, (i) the covenants, agreements, representations and warranties
of the Company made herein shall bind the Company's successors and assigns and
shall insure to the benefit of Motorola's successors and assigns and to
transferees of the Warrant and (ii) the covenants, agreements, representations
and warranties of Motorola made herein shall bind Motorola's successors and
assigns and shall insure to the benefit of PixTech's successors and assigns.

     SECTION 14.  Miscellaneous.
                  -------------

          14.1 Notices.  Any consent, notice or report required or permitted to
               -------
be given or made under this Agreement by one of the parties hereto to the other
shall be in writing, delivered personally or by facsimile (and promptly
confirmed by telephone, personal delivery or courier) or courier, postage
prepaid (where applicable), addressed to such other party at its address
indicated below, or to such other address as the addressee shall have last
furnished in writing to the addressor and shall be effective upon receipt by the
addressee.

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<PAGE>

     If to PixTech:     PixTech, Inc.
                        Avenue Olivier Perroy
                        Zone Industrielle de Rousset
                        13790 Rousset France
                        Telephone:  011 334 4229 1000
                        Telecopy:   011 334 4229 0509


     with a copy to:    Palmer & Dodge LLP
                        One Beacon Street
                        Boston, Massachusetts 02108
                        Attention:  Michael Lytton
                        Telephone:  (617) 573-0100
                        Telecopy:  (617) 227-4420

     If to Motorola:    Motorola, Inc.
                        1303 E. Algonquin Road
                        Schaumburg, IL  60196
                        Attn:  Vice President and Director,
                               Corporate Business Development
                        Telephone:  (847) 576-6600
                        Telecopy:   (847) 576-8890

     with a copy to:    Motorola, Inc.
                        1303 E. Algonquin Road
                        Schaumburg, IL  60196
                        Attn:  Law Department
                        Telephone:  (847) 576-5012
                        Telecopy:   (847) 576-3628

          14.2 Entire Agreement.  This Agreement, the Cooperation Agreement and
               ----------------
the Amendment No. 1 to the Cooperation Agreement contain the entire
understanding of the parties with respect to the subject matter hereof.  All
express or implied agreements and understandings, either oral or written,
heretofore made are expressly merged in and made a part of this Agreement.

          14.3 Assignment.  Neither this Agreement nor any of the rights and
               ----------
obligations contained herein may be assigned or otherwise transferred by either
party without the consent of the other party; provided, however, that either
PixTech or Motorola may, without such consent, assign its rights and obligations
under this Agreement (i) to any Affiliate, all or substantially all of the
equity interest of which is owned and controlled by such party or its direct or
indirect parent corporation, or (ii) in connection with a merger, consolidation
or sale of substantially all of such party's assets to an unrelated third party;
provided, however, that such party's rights and obligations under this Agreement
shall be assumed by its successor in interest in any such transaction and shall
not be transferred separate from all or substantially all of its other business
assets, including those business assets that are the subject of the License
Agreement.  Any purported assignment in violation

                                       11
<PAGE>

of the preceding sentence shall be void.  Any permitted assignee shall assume
all obligations of its assignor under this Agreement.

          14.4 Amendments and Waivers.  This Agreement may not be modified or
               ----------------------
amended except pursuant to an instrument in writing signed by PixTech and
Motorola.  The waiver by either party hereto of any right hereunder or the
failure to perform or of a breach by the other party shall not be deemed a
waiver of any other right hereunder or of any other breach or failure by said
other party whether of a similar nature or otherwise.

          14.5 Headings.  The headings of the various sections of this Agreement
               --------
have been inserted for convenience of reference only and shall not be deemed to
be part of this Agreement.

          14.6 Severability.  In case any provision contained in this Agreement
               ------------
should be invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions contained herein shall
not in any way be affected or impaired thereby.

          14.7 Governing Law.  This Agreement shall be governed by and construed
               -------------
in accordance with the laws of the State of Delaware (without giving effect to
the choice of law provisions thereof) and the federal law of the United States
of America.

          14.8 Counterparts.  This Agreement may be executed in two or more
               ------------
counterparts, each of which shall constitute an original, but all of which, when
taken together, shall constitute but one instrument, and shall become effective
when one or more counterparts have been signed by each party hereto and
delivered to the other parties.

          14.9 Expenses.  Except as otherwise specifically provided herein, each
               --------
party shall bear its own expenses in connection with this Agreement.

          14.10  Publicity.  Neither party hereto shall issue any press releases
                 ---------
or otherwise make any public statement with respect to the transactions
contemplated by this Agreement without the prior written consent of the other
party, except as may be required by applicable law or regulation.

          14.11  Confidentiality.  Motorola acknowledges and agrees that any
                 ---------------
information or data it has acquired from PixTech, not otherwise properly in the
public domain, was received in confidence.  Motorola agrees not to divulge,
communicate or disclose, except as may be required by law or for the performance
of this Agreement, or use to the detriment of PixTech or for the benefit of any
other person or persons, or misuse in any way, any confidential information of
PixTech.

                                       12
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their duly authorized representatives as of the day and year first
above written.

PIXTECH, INC.


By:   /s/ Jean-Luc Grand-Clement
     ----------------------------------
     Jean-Luc Grand-Clement
     President and Chief Executive Officer


MOTOROLA, INC.


By: /s/ John R. Owings
   ------------------------------------------
Title: Corporate Vice President and Director of Finance, AECG


PixTech S.A. has executed this Agreement below solely for the purposes of
Section 6.

PIXTECH S.A.


By:   /s/ Jean Luc Grand-Clement
     -----------------------------------
     Jean-Luc Grand-Clement
     President and Chief Executive Officer

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