Document:

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		Exhibit 4.3

		

		

		
			[FORM OF]

					

					MATERIAL TECHNOLOGIES, INC.

						Common Stock Purchase Agreement

						Under 2006/2007 Non-Qualified Company Stock Grant and Option Plan

						

						

					

		

		
			          THIS AGREEMENT is dated as of _______________, 20__, between Material Technologies, Inc., a Delaware corporation (the “Company”), and _________________________ (“Purchaser”).

				

			

		

		
			W I T N E S S E T H:

				

			

		

		
			          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 ________________ valued by the Company at $___________ per the terms of the ______________ Agreement.  Vesting of the Stock shall be governed by the ______________ Agreement.  The closing hereunder (the “Closing”) shall occur at the offices of the Company on the date hereof, or such other time and place as may be designated by the Company (the “Closing Date”).  The Purchaser’s interest in the Stock shall be fully vested as of the Closing Date.

				

				2.       PURCHASER’S INVESTMENT REPRESENTATIONS.

							

						          This Agreement is made with Purchaser in reliance upon Purchaser’s representation to the Company, which by Purchaser’s acceptance hereof Purchaser confirms, that the Stock which Purchaser will receive will be acquired with Purchaser’s own funds for investment for an indefinite period for Purchaser’s own account, not as a nominee or agent, and not with a view to the sale or distribution of any part thereof, and that Purchaser has no present intention of selling, granting participation in, or otherwise distributing the same, but subject, nevertheless, to any requirement of law that the disposition of Purchaser’s property shall at all times be within Purchaser’s control.  By executing this Agreement, Purchaser further represents that Purchaser does not have any contract, understanding or agreement with any person to sell, transfer, or grant participation, to such person or to any third person, with respect to any of the Stock.

					

					

					

				

		

		
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			          In connection with the investment representations made herein, Purchaser represents that Purchaser is able to fend for himself or herself in the transactions contemplated by this Agreement, has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of Purchaser’s investment, has the ability to bear the economic risks of Purchaser’s investment and has been furnished with and has had access to such information as would be made available in the form of a registration statement together with such additional information as is necessary to verify the accuracy of the information supplied and to have all questions answered by the Company.

				

			3.       NO DUTY TO TRANSFER IN VIOLATION HEREUNDER.

						

					          The Company shall not be required (a) to transfer on its books any shares of Stock of the Company which shall have been sold or transferred in violation of any of the provisions set forth in this Agreement or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares shall have been so transferred.

			

			4.       OTHER NECESSARY ACTIONS.

						

					          The parties agree to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement.

			

			5.       NOTICE.

						

					          Any notice, request, or instructions given in connection with this Option shall be in writing and shall be delivered in person during normal business hours, by facsimile, or by overnight mail against a receipt for delivery, to the following addresses:

			

			          If to Grantor, at Material Technologies, Inc., 11661 San Vicente Blvd., Suite 707, Los Angeles, CA  90049, Facsimile No. (310) 473-3177, Attention: President.

			

			          If to Grantee, at ___________________________, Facsimile No. ____________ or at such other address as either of the parties shall have given notice to the other in accordance with the provisions hereof.

			

			6.       SUCCESSORS AND ASSIGNS.

						

					          This Agreement shall inure to the benefit of the successors and assigns of the Company and, subject to the restrictions on transfer herein set forth, be binding upon Purchaser and Purchaser’s heirs, executors, administrators, successors and assigns.  No waiver of any breach or condition of this Agreement shall be deemed to be a waiver of any other or subsequent breach or condition, whether of a like or different nature.

			

			7.       APPLICABLE LAW.

						

					          This Agreement shall be governed by, and construed in accordance with, the laws of the State of California, as such laws are applied to contracts entered into and performed in such state.

			

			8.       NO ORAL MODIFICATION.

						

					          No modification of this Agreement shall be valid unless made in writing and signed by the parties hereto.

			

			

			

		

		
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			9.       ENTIRE AGREEMENT.

						

					          This Agreement and the ____________ Agreement constitute the entire complete and final agreement between the parties hereto with regard to the subject matter hereof.

			

			          IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

			

			

			Material Technologies, Inc.                                                  ______________________________ 

			an Delaware corporation

			

			_______________________________                                  _______________________________

			By:                                                                                           By:  

			Its:                                                                                           Its:

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

		

		
			3Untitled Page

		

			

			

			Exhibit 10.4

					

					

				

		
			PROMISSORY NOTE

						

					

		

		
			$17,141.00 U.S.

					

				FOR VALUE RECEIVED, GEORGIA INTERNATIONAL MINING CORP.. (the “Borrower”), unconditionally promises to pay to the order of MARK HAGUE, (the “Lender”) the sum of $17,141 in United States of America funds, together with interest at the rate of 0% per annum on the principal amount remaining unpaid, after as well as before demand or maturity or default, calculated on an annual basis (on the basis of a year of 365 days for the actual number of days elapsed) and payable on demand; PROVIDED that if the Borrower fails to pay on demand any payment of principal or interest on this note, then in such event the entire unpaid principal and all accrued and unpaid interest thereon shall become and be forthwith due and payable without presentment, notice, protest or demand of any kind (all of which are hereby expressly waived by the Borrower).

				

				The Borrower hereby agrees that the proper law of this instrument is the law of the state of Nevada and that this instrument shall be governed by and construed in accordance with the laws thereof and the undersigned agrees that any legal suit, action or proceeding brought upon or arising out of or relating to this instrument may be instituted in the courts of such State and the undersigned hereby accepts and irrevocably submits and attorns to the exclusive jurisdiction of the said courts and acknowledges their competence and agrees to be bound by any judgment thereof, provided that nothing herein shall limit the right of the Lender to bring proceedings against the Borrower elsewhere.

				

				This Promissory Note is dated the 30 day of June, 2006.

				

				

				

				                                                              GEORGIA INTERNATIONAL MINING CORP. 

					

					

				                                                                               By:       /s/ Mark Hague      

				                                                                                        President/Director

				

				                                                                               By:       /s/ Mark Hague 

				                                                                                               Lenderexv4w1

 

Exhibit 4.1

STOCK OPTION PLAN

OF CAMECO CORPORATION

AMENDED AND RESTATED

EFFECTIVE FEBRUARY 23, 2006

 

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	1.

	 	PURPOSE OF THE PLAN
	 	 	1	 
	 
	 	 	 	 	 	 
	2.

	 	DEFINITIONS
	 	 	1	 
	 
	 	 	 	 	 	 
	3.

	 	ADMINISTRATION
	 	 	2	 
	 
	 	 	 	 	 	 
	4.

	 	GOVERNING LAW
	 	 	3	 
	 
	 	 	 	 	 	 
	5.

	 	GRANT OF OPTIONS
	 	 	3	 
	 
	 	 	 	 	 	 
	6.

	 	SHARES SUBJECT TO OPTION
	 	 	3	 
	 
	 	 	 	 	 	 
	7.

	 	EXERCISE PRICE
	 	 	4	 
	 
	 	 	 	 	 	 
	8.

	 	TERMS OF OPTION
	 	 	4	 
	 
	 	 	 	 	 	 
	9.

	 	EXERCISE OF OPTIONS
	 	 	5	 
	 
	 	 	 	 	 	 
	10.

	 	SHARE PURCHASE LOANS
	 	 	5	 
	 
	 	 	 	 	 	 
	11.

	 	ADJUSTMENTS
	 	 	5	 
	 
	 	 	 	 	 	 
	12.

	 	END OF PARTICIPATION
	 	 	5	 
	 
	 	 	 	 	 	 
	13.

	 	ASSUMPTION OR SUBSTITUTION
	 	 	5	 
	 
	 	 	 	 	 	 
	14.

	 	AMENDMENT OR DISCONTINUANCE OF THE PLAN
	 	 	6	 
	 
	 	 	 	 	 	 
	15.

	 	EVIDENCE OF OPTIONS
	 	 	6	 

 

 

STOCK OPTION PLAN OF CAMECO CORPORATION

1.   Purpose of the Plan

     The purposes of this Plan are to (i) support the achievement of the Corporation’s performance
objectives, (ii) ensure the commitment of participating employees to the longer term interests of
the Corporation and its shareholders, and (iii) provide compensation opportunities to attract,
retain and motivate senior management critical to the long-term success of the Corporation and its
subsidiaries.

2.   Definitions

     For the purposes of the Plan, the following terms have the following meanings:

	 	 	 	“Board” means the board of directors of the Corporation;
	 
	 	 	 	“Change of Control” means a transaction or a series of transactions which has resulted in
(i) any person, corporation or other entity or combination thereof, holding directly or
indirectly, voting securities, together with other securities which if any subscription or
conversion rights thereunder were exercised, would in the aggregate entitle the holders
thereof to cast 50% or more of the votes attaching to all shares of the Corporation which
may then be cast to elect directors of the Corporation; (ii) all or substantially all of the
assets of the Corporation being transferred or leased to another person, corporation or
entity other than an entity that was, prior to such transfer or lease, an affiliated body
corporate within the meaning of the Canada Business Corporations Act (the “Affiliated
Entity”); (iii) the Corporation being liquidated, dissolved, wound-up or adopting a plan of
liquidation except in connection with the distribution of assets of the Corporation in a
privatization event to an Affiliated Entity; (iv) a merger or amalgamation of the
Corporation with any other corporation where subsection (i) of this definition is triggered,
other than to an entity that was, prior to such merger or amalgamation, an Affiliated
Entity; or (v) the Board, by resolution, deeming that a Change of Control has occurred or is
about to occur.
	 
	 	 	 	“Committee” means the Human Resource and Compensation Committee of the Board;
	 
	 	 	 	“Common Share” means a common share of the Corporation;
	 
	 	 	 	“Corporation” means Cameco Corporation;
	 
	 	 	 	“Disability” means the mental or physical state of the Participant such that:

	 	(i)	 	the Committee, acting reasonably, determines that the
Participant is unable, due to illness, disease, mental or physical disability
or similar cause, to substantially perform his or her duties with the
Corporation or a Participating Company for any consecutive 3 month period or
for any period of 6 months (whether or not consecutive) in any consecutive 12
month period and that there is no reasonable prospect of the Participant
returning to active employment at the end of such period;

 

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	 	(ii)	 	a court of competent jurisdiction has declared the Participant
to be mentally incompetent or incapable of managing his or her affairs or has
appointed a guardian of the property of the Participant; or
	 
	 	(iii)	 	an attorney pursuant to a continuing power of attorney for
property or similar instrument manages the affairs of the Participant due to
the Participant’s mental incapacity.

	 	 	 	“Eligible Person” means any employee, officer or director of a Participating Company (and
includes any such person who is on a leave of absence authorized by a Participating
Company), provided that commencing October 28, 2003 no director of the Corporation shall be
an Eligible Person for purposes of grants of Options under the Plan after such date;
	 
	 	 	 	“Option” means a right granted to an Eligible Person to purchase Common Shares of the
Corporation pursuant to the terms of this Plan;
	 
	 	 	 	“Participant” means any person to whom an Option has been granted;
	 
	 	 	 	“Participating Company” means Cameco Corporation and such of its subsidiaries as are
designated by the Board from time to time;
	 
	 	 	 	“Plan” means the Stock Option Plan of Cameco Corporation;
	 
	 	 	 	“Retirement” means resignation of a Participant who is immediately thereafter in receipt of
an undeferred pension or resignation in other circumstances approved by the Committee in
writing;
	 
	 	 	 	“Termination Date” means the date a Participant ceases to be an Eligible Person and does not
include any period of statutory, contractual or reasonable notice of termination of
employment or deemed employment; and
	 
	 	 	 	“TSX” means the Toronto Stock Exchange.

     Where the context so requires, words importing the singular number include the plural and vice
versa, and words importing the masculine gender also include the feminine and neuter genders.

3.   Administration

     Subject to the Committee reporting to the Board on all matters relating to this Plan and obtaining
approval of the Board for those matters required by the Committee’s mandate, this Plan will be
administered by the Committee which has the sole and absolute discretion to: (i) recommend to the
Board the Eligible Persons to whom Options be granted, the number of Common Shares which each such
Eligible Person will be eligible to purchase pursuant to each such Option and the exercise price,
vesting, terms, limitations, restrictions and conditions upon such recommended grants; (ii)
interpret and administer the Plan; (iii) establish, amend and rescind any rules and regulations
relating to the Plan (subject to obtaining any required regulatory approval);

 

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and (iv) make any other determinations that the Committee deems necessary or desirable for the
administration of the Plan. The Committee may correct any defect or supply any omission or
reconcile any inconsistency in the Plan, in the manner and to the extent the Committee deems, in
its sole and absolute discretion, necessary or desirable (subject to obtaining any required
regulatory approval). Any decision of the Committee with respect to the administration and
interpretation of the Plan shall be conclusive and binding on the Participants.

4.   Governing Law

     This Plan is to be governed by and interpreted in accordance with the laws of the Province of
Saskatchewan and the federal laws of Canada applicable therein or to the Corporation.

5.   Grant of Options

     From time to time, the Committee may designate Eligible Persons to whom it recommends that Options
be granted and the number of Common Shares which each such Eligible Person will be eligible to
purchase pursuant to each such Option; provided that the aggregate number of Common Shares subject
to such Options may not exceed the number provided for in section 6 of the Plan. Options shall be
granted by the Board from time to time on the recommendation of the Committee. Any period of
statutory, contractual or reasonable notice of termination of employment or deemed employment
following a Participant’s last day of work shall not be recognized for vesting, exercise or any
other purpose under this Plan. The granting of an Option to an Eligible Person at any time shall
neither entitle such Eligible Person to receive nor preclude such Eligible Person from receiving a
subsequent grant of an Option and shall not restrict in any way the right of the Corporation or any
Participating Company to terminate the Eligible Person’s employment. The Board or the Committee
may determine when any Option will become vested and may determine that the Option will become
vested in instalments. In the absence of any other determination (including, without limitation,
in a Participant’s employment agreement), Options will become vested as follows:

	 	(a)	 	as to one-third, on the first anniversary of the date of grant;
	 
	 	(b)	 	as to an additional one-third, on the second anniversary of the date of grant;
and
	 
	 	(c)	 	as to an additional one-third, on the third anniversary of the date of grant.

     The Board or the Committee may delegate to the Chief Executive Officer responsibility for
allocating a specified number of Options among Eligible Persons who are not officers.

6.   Shares Subject to Option

     The aggregate number of Common Shares that may be issued pursuant to the exercise of Options
pursuant to the Plan and pursuant to any other compensation arrangement of the Corporation shall
not exceed 43,017,198 Common Shares of the Corporation provided that all Options which are granted
shall be subject to adjustment pursuant to the provisions of sections 11 and 13 of the Plan.
Common Shares in respect of which an Option has been granted but which are not purchased pursuant
thereto by the time the Option expires or in respect of which an Option has been cancelled or
terminated without having been exercised are available for subsequent
Options. No Options will be cancelled in connection with an arrangement for the re-granting of
Options to the same person on different terms, without the prior consent of the TSX.

 

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7.   Exercise Price

     The exercise price of an Option under the Plan to any Participant shall be fixed by the Board when
the Option is granted but shall not be less than the volume weighted average trading price of the
Common Shares of the Corporation on the TSX for the five trading days immediately preceding the
date on which the Option is granted, calculated by dividing the total value by the total volume of
Common Shares traded for such period. Subject to the foregoing limitations, the exercise price may
vary between Options granted under the Plan.

8.   Terms of Option

     The period during which an Option is exercisable may not exceed 8 years from the date of the grant
of the Option, provided that for Options granted prior to January 1, 1999, the period during which
an Option is exercisable may not exceed 10 years from the date of grant of the Option. An
agreement granting an Option may contain provisions limiting the number of Common Shares with
respect to which the Option may be exercised in any one year. Subject to the foregoing, each
agreement granting an Option shall contain provisions to the effect that:

	 	(a)	 	If a Participant ceases to be an Eligible Person by reason of Disability, death
or Retirement, all unexercised Options will continue to vest for three years following
the Participant’s Termination Date, all vested Options may be exercised for three years
immediately following the Participant’s Termination Date and thereafter all Options
will be cancelled;
	 
	 	(b)	 	If a Participant ceases to be an Eligible Person by reason of termination for
cause, unvested Options will expire immediately and vested Options may be exercised for
the 30 days immediately following the Participant’s Termination Date;
	 
	 	(c)	 	If a Participant ceases to be an Eligible Person other than by reason of
Disability, death, Retirement or termination for cause, all unexercised Options will
continue to vest for 90 days following the Participant’s Termination Date, all vested
Options may be exercised for 90 days immediately following the Participant’s
Termination Date, or such longer period as the Board or the Committee in its discretion
may determine, provided that such period shall not be longer than the earlier of three
years or the original term of such unexercised Options, and thereafter all Options will
be cancelled;
	 
	 	(d)	 	In the event of the death of a Participant, all unexercised Options will
continue to vest for three years following the Participant’s death, all vested Options
may be exercised by the legal personal representative of the Participant for three
years immediately following the Participant’s death and thereafter all Options will be
cancelled;
	 
	 	(e)	 	Each Option is personal to the Participant and is not assignable; and

 

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	 	(f)	 	No Participant shall have any rights as a shareholder in respect of Common
Shares subject to an Option granted to him until such Common Shares have been paid for
in full and issued.

     For the purposes of the Plan, Retirement of a director shall be defined to include any
circumstances pursuant to which an individual ceases to be a director other than by reason of
death, Disability, or removal at a special meeting of Shareholders called for the purpose of
removing such director from office.

9.   Exercise of Options

     Subject to the provisions of the Plan, an Option may be exercised from time to time by delivering
to the Corporation at its registered office a written notice of exercise, specifying the number of
Common Shares with respect to which the Option is being exercised and shall be accompanied by
payment (by cash or certified cheque).

10.   Share Purchase Loans

     Commencing January 1, 1999, no loans may be granted by the Board or the Committee to assist a
Participant to purchase Common Shares to be obtained on the exercise of Options granted pursuant to
the Plan, provided that either the Board or the Committee may in its sole discretion approve any
amendments to the agreements governing any such loans granted prior to January 1, 1999.

11.   Adjustments

     If there is any change in the outstanding Common Shares by reason of a stock dividend or split,
recapitalization, consolidation, combination or exchange of shares, or other fundamental corporate
change, the Board will make, subject to any prior approval required of relevant stock exchanges or
other applicable regulatory authorities, if any, an appropriate substitution or adjustment in (i)
the exercise price of any unexercised Options under the Plan; (ii) the number or kind of shares or
other securities reserved for issuance pursuant to the Plan; and (iii) the purchase price of those
shares subject to unexercised Options theretofore granted under the Plan, and in the exercise price
of those unexercised Options; provided, however, that no substitution or adjustment will obligate
the Corporation to issue or sell fractional shares.

12.   End of Participation

     At the time a Participant ceases to hold Options which are or may become exercisable, the
Participant ceases to be a Participant.

13.   Assumption or Substitution

     In the event of: (i) a Change of Control; or (ii) a merger, amalgamation, or other transaction
pursuant to which the Common Shares are converted into other property, whether in the form of
securities of another corporation, cash or otherwise (each a “Substitution Event”), then any
surviving or acquiring corporation shall assume any Option outstanding under the Plan or shall
substitute similar Options (including an award to acquire the same consideration paid to the

 

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securityholders in the transaction effecting the Substitution Event) for those Options outstanding
under the Plan. In the event any surviving corporation or acquiring corporation refuses to assume
such Options or to substitute similar stock options for those Options outstanding under the Plan,
then with respect to such Options, the vesting of such Options (and, if applicable, the time during
which such Options may be exercised) shall be accelerated in full, and the Options shall terminate
if not exercised (if applicable) at or prior to such event.

     No fractional Common Shares or other security shall be issued upon the exercise of any Option and
accordingly, if as a result of a Substitution Event, a Participant would become entitled to a
fractional Share or other security, such Participant shall have the right to acquire only the next
lowest whole number of Common Shares or other security and no payment or other adjustment will be
made with respect to the fractional interest so disregarded.

     Notwithstanding any other provision of this Plan, in the event of a potential Change of Control or
other Substitution Event, the Board shall have the power to make such changes to the terms of the
Options as it considers fair and appropriate in the circumstances, including but not limited to:
(i) accelerating the date at which Options become exercisable; (ii) otherwise modifying the terms
of the Options to assist the Participants to tender into a take-over bid or other arrangement
leading to a Change of Control; and thereafter (iii) terminating, conditionally or otherwise, the
Options not exercised following successful completion of such. If the Substitution Event referred
to in this section 13 is not completed within the time specified therein (as the same may be
extended), the Options which vested pursuant to this section 13 shall be returned by the
Participant to the Corporation and reinstated as authorized but unissued Common Shares and the
original terms applicable to such Options shall be reinstated.

14.   Amendment or Discontinuance of the Plan

     The Board, upon the advice of the Committee and subject to regulatory approval, may at any time and
from time to time amend, suspend or terminate the Plan in whole or in part. No such amendment,
suspension or termination shall adversely affect the rights under any grants theretofore made,
without the consent of the Participants to whom such grants were made.

15.   Evidence of Options

     Each Option granted under the Plan shall be embodied in a written option agreement between the
Corporation and the Participant which shall give effect to the provisions of the Plan. Subject to
the provisions of the Plan, the Board or the Committee may determine the terms and conditions
relating to and included in any Options and such terms may vary between Options so granted. The
decision of the Board or of the Committee with respect to any matters under the Plan shall be
binding and conclusive on the Corporation and on all individuals from time to time eligible to
participate therein.

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