Document:

RESTRICTED SHARE
AGREEMENT

    CHINA
GERUI ADVANCED MATERIALS GROUP LIMITED

    2010
SHARE INCENTIVE PLAN

     

    This Agreement is between
[_________]  (the “Participant”) and China Gerui
Advanced Materials Group Limited  (the “Corporation”).  This
Agreement governs an award made to Participant pursuant to the Corporation’s
2010 Share Incentive Plan (the “Plan”).  Capitalized
terms used but not defined herein shall have the meanings assigned to such terms
by the Plan, except as otherwise noted herein.  The Corporation and
Participant agree as follows:

     

    
      
        	
                I.

              	
                GRANT.

              

      

    

     

    The
Compensation Committee of the Board of Directors of the Corporation on
[___________,  20___]  (the “Grant Date”) awarded the
Participant [____________] of the Corporation’s Ordinary Shares subject to the
vesting and other restrictions provided in this Agreement (the “Restricted
Shares”).  No payment by the Participant is required for the
Restricted Shares.

     

    
      
        	
                II.

              	
                VESTING.

              

      

    

     

    The award
will vest on the following schedule.

     

    
      
        
          	
                  Period
      of Continuous Service From

                  Grant Date

                	 
      	
                  Percentage
      of

                  Restricted Shares Vested

                
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                    

                	 
      

        

      

    

     

    Each
installment shall vest and thereby all restrictions shall be removed on the
installment so long as the Participant has remained in Continuous Service (as
defined in the Plan) through the day immediately preceding the date on which the
installment is scheduled to vest.  The remaining Restricted Shares
which have not already vested shall vest and all restrictions shall be removed
if the Participant’s termination of Continuous Service is because of death or
Disability (as defined in the Plan), or a Change in Control has occurred and the
Participant’s Continuous Service is terminated within six (6) months after the
date of such Change in Control by the Corporation or its successor without Cause
or by the Participant for Good Reason..  The number of shares that
shall vest on each vesting date shall be rounded down to the nearest whole
share; provided that, on the final date on which shares are scheduled to vest,
the number of shares shall be rounded up to the nearest whole
share.  If the Participant has a termination of Continuous Service and
such termination event does not result in accelerated vesting of the Restricted
Shares, the portion of the Restricted Shares that has not vested shall be
forfeited and returned to the Corporation.

     

    For
purposes of this Agreement, a termination for “Cause” or for “Good Reason” shall
have the meanings provided in the employment agreement then in effect between
the Participant and the Corporation or its successor, or if no such agreement is
then in effect, or an agreement is in effect but does not define such terms, the
meanings so provided in the Plan as then in effect, or to the extent the Plan as
then in effect does not define these terms, the last employment agreement in
effect defining such terms.

    

    China
Gerui Advanced Materials Group Limited

    Restricted
Share Agreement

    
      
         

      

      
        - 1
-

        
          

        

      

      
         

      

    

     

    For
purposes of this Agreement, "Change in Control" means: (i) any person (as such
term is used in Section 13(d) and 14(d)(2) of the Securities Exchange Act of
1934, as amended (the "Exchange
Act" and a “Person”)) who, on the
date of this Agreement, does not own five percent (5%) or more of the combined
voting power of the Corporation’s outstanding voting securities on a
fully-diluted basis (a "5%
Owner") and is not controlling, controlled by or under common control
with any such 5% Owner (and is other than (x) the Corporation, or (y) any
trustee or other fiduciary holding securities under an employee benefit plan of
the Corporation) shall become the beneficial owner (within the meaning of Rule
13d-3 under the Exchange Act) (other than solely by reason of a repurchase of
voting securities by the Corporation) of more than 50% of the combined voting
power of the Corporation’s then total outstanding voting securities; (ii) there
is consummated a merger or consolidation of the Corporation with any other
corporation or other entity, other than (A) a merger or consolidation which
results in the voting securities of the Corporation outstanding immediately
prior to such merger or consolidation continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity or any parent thereof) at least 25% of the combined voting
power of the securities of the Corporation or such surviving entity or any
direct or indirect parent thereof outstanding immediately after such merger or
consolidation or (B) a merger or consolidation effected to implement a
recapitalization of the Corporation (or similar transaction) in which no Person
(other than a Person who is a 5% Owner or is controlling, controlled by or under
common control with any such 5% Owner) is or becomes the beneficial owner,
directly or indirectly, of securities of the Corporation (not including in the
securities beneficially owned by such Person any securities acquired directly
from the Corporation or its affiliates) representing 50% or more of the combined
voting power of the Corporation's then outstanding securities; or (iii) the
shareholders of the Corporation approve a plan of complete liquidation or
dissolution of the Corporation.

     

    
      
        	
                III.

              	
                STOCK
      CERTIFICATES AND
RESTRICTIONS.

              

      

    

     

    The full
number of the Restricted Shares has been deposited in an account for the
Participant at the Corporation’s transfer agent.  The Corporation
reserves the right at its sole discretion to change the financial institution or
agent in which the shares are deposited or the certificates for shares are
held.  These shares are nontransferable and are otherwise subject to
the Plan and this Agreement until the restrictions are removed or the shares are
returned to the Corporation and cancelled or maintained as treasury
shares.  The Corporation may place such legends on any certificates
for Restricted Shares as it deems appropriate.  The Participant has
the right to vote the full number of shares and to receive any declared
dividends or other distributions associated with the shares, except that a
dividend or distribution with respect to Restricted Shares which has not already
vested which is paid in shares or other property which constitutes a “derivative
security” or “equity security” (within the meaning of Section 16(a) of the
Securities Exchange Act of 1934) shall continue to be subject to the vesting and
other restrictions of this Agreement to the same extent as the Restricted Shares
to which such derivative security or equity security relates.

     

    
      
        	
                IV.

              	
                CORPORATE
      EVENT.

              

      

    

     

    In the
event of the declaration of a stock dividend, the declaration of an
extraordinary dividend payable in a form other than stock, a spin-off, a stock
split, a recapitalization, a merger or a similar transaction affecting the
Corporation’s outstanding securities without receipt of consideration, any new,
substituted or additional securities or other property (including money paid
other than as an ordinary cash dividend) which are distributed to the
Participant with respect to Restricted Stock which has not already vested shall
immediately be subject to the vesting and other restrictions of this Agreement
to the same extent as the Restricted Shares to which such distributed property
relates.

     

    
      
        	
                V.

              	
                U.S.
      TAXATION.

              

      

    

     

    If Participant is subject to taxation
in the United States, Participant understands that Section 83(a) of the Internal
Revenue Code of 1986, as amended (the “Code”), taxes as ordinary
compensation income the fair market value of the Restricted Shares on the date
as of which Participant’s right to retain the Restricted Shares
vests.  Thus, the Restricted Shares will vest and be taxable in
increments on the first three annual anniversaries of the date of
grant.  Accelerated vesting of the Restricted Shares will also
accelerate the date of taxation.  Participant understands that
Participant may elect to be taxed on the fair market value of some or all of the
Restricted Shares at the time such shares are transferred to Participant, rather
than at those times when Participant’s right to retain the Restricted Shares
vests, by filing an election under Section 83(b) of the Code (a “Section
83(b) Election”) with the Internal Revenue
Service within 30 days from the date of the transfer of the Restricted Shares to
Participant.  Participant understands that failure to file such an
election in a timely manner results in the inability to file such
election.  Participant further understands that an additional copy of
such election form should be filed with Participant’s federal income tax return
for the calendar year to which such election applies.  Participant acknowledges and agrees that the foregoing
is only a summary of the effects of United States federal income taxation with
respect to the Restricted Shares and does not purport to be
complete.  Participant further acknowledges and agrees that the
Corporation has directed Participant to seek independent professional advice
regarding the tax consequences of receipt of the Restricted Shares under
federal, state and local law.  Participant acknowledges and agrees that if the
Participant decides to file a Section 83(b) Election it is Participant’s sole
responsibility, and not the Corporation’s or its affiliate’s, to file a timely
election, even if Participant requests the
Corporation, its affiliate or its representatives to make the filing on
Participant’s behalf.

     

    China
Gerui Advanced Materials Group Limited

    Restricted
Share Agreement

    
      
         

      

      
        - 2
-

        
          

        

      

      
         

      

    

     

    
      
        	
                VI.

              	
                TAX
      WITHHOLDING.

              

      

    

     

    Participant
understands that upon occurrence of the taxable event with respect to the
Restricted Shares, Participant will be responsible for payment of taxes
due.  No share certificates will be delivered unless acceptable
arrangements have been made by Participant with the Corporation (or its
affiliate by which Participant is employed) to pay withholding taxes that are
due as a result of vesting of the Restricted Shares.  Unless the
Participant has made alternative arrangements acceptable to the Corporation, the
Participant shall pay applicable minimum required withholding taxes due by
having the Corporation withhold shares that would otherwise be released from
restrictions, in which case such withheld shares shall be transferred back to
the Corporation.

     

    
      
        	
                VII.

              	
                MISCELLANEOUS.

              

      

    

     

    A.           No Employment
Agreement.  This Agreement is not an employment
contract.  This Agreement is, however, a contract creating enforceable
rights between the Corporation and the Participant regarding the Restricted
Stock.

     

    B.           Entire Agreement.
This Agreement represents the full and complete understanding between
Participant and the Corporation and this Agreement cannot be modified or changed
by any prior or contemporaneous or future oral agreement of the
parties.  This Agreement can only be modified by the express written
agreement of the parties.

     

    C.           Governing
Law.   This Agreement shall be construed, interpreted and
enforced in accordance with the laws of the State of New York without regard to
its conflict of law principles.

     

    D.           Successors and
Assigns.  This Agreement shall be binding upon and inure to the
benefit of both parties and their respective successors and assigns, including
any entity with which or into which the Corporation may be merged or which may
succeed to its assets or business or any entity to which the Corporation may
assign its rights and obligations under this Agreement.

     

    IN WITNESS WHEREOF, the
parties hereto have executed this Agreement to be effective as of the Grant
Date.

     

    
      
        
          
            	 
      	
                    China
      Gerui Advanced Materials Group Limited

                  
	 
      	 
      	 
      
	 
      	
                    By:

                  	 
      
	 
      	 
      
	 
      	
                    PARTICIPANT

                  
	 
      	 
      
	 
      	 
      
	 
      	
                    Participant
      Signature

                  

          

        

      

    

    

    China
Gerui Advanced Materials Group Limited

    Restricted
Share Agreement

    
      
         

      

      
        - 3
-Exhibit 10.8

     

    SECURITIES
PURCHASE AGREEMENT

     

    This
Securities Purchase Agreement (this "Agreement") dated as of September 30, 2010
is entered into by and among Mitek Systems, Inc., a Delaware corporation (the
"Company"), and each purchaser identified on the signature pages hereto (each,
including its successors and assigns, a "Purchaser" and collectively the
"Purchasers").

     

    RECITALS

     

    Subject
to the terms and conditions set forth in this Agreement and pursuant to Section
4(2) of the Securities Act of 1933, as amended (the "Securities Act"), and Rule
506 promulgated thereunder, the Company desires to issue and sell to each
Purchaser, and each Purchaser, severally and not jointly, desires to purchase
from the Company, shares of common stock, par value $0.001 per share (the
“Common Stock”) of the Company as more fully described in this
Agreement.

     

    In
consideration of the mutual covenants contained in this Agreement, and for other
good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the Company and each Purchaser agree as follows:

     

    ARTICLE
I

     

    DEFINITIONS

     

    1.1           Definitions.  In
addition to the terms defined elsewhere in this Agreement, the following terms
have the meanings set forth in this Section 1.1:

     

    "Accredited Investor
Questionnaire" means the accredited investor questionnaire, in a form
acceptable to the Company, delivered by the Purchasers to the Company at the
Closing.

     

    "Affiliate" means any Person
that, directly or indirectly through one or more intermediaries, controls or is
controlled by or is under common control with a Person, as such term is used in
and construed under Rule 405 promulgated under the Securities
Act.  With respect to a Purchaser, any investment fund or managed
account that is managed on a discretionary basis by the same investment manager
as such Purchaser will be deemed to be an Affiliate of such
Purchaser.

     

    "Business Day" means Monday
through Friday, excluding any day of the year on which banks are required or
authorized to close in the State of California.

     

    "Closing" means the closing of
the purchase and sale of the Securities pursuant to Section 2.1.

     

    "Closing Date" means the
Business Day on which all of the Transaction Documents have been executed and
delivered by the applicable parties thereto pursuant to Sections 2.2(a) and
2.2(b), and all conditions precedent to (i) the Purchasers' obligations to pay
the Subscription Amount and (ii) the Company's obligations to deliver the
Securities, in each case, have been satisfied or waived.

     

    "Common Stock" shall have the
meaning set forth in the recitals hereto.

     

    "Exchange Act" means the
Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder.

     

    "Governmental Entity" means any
foreign, federal, state, municipal or local government, governmental, regulatory
or administrative authority, agency, instrumentality or commission or any United
States court, tribunal, or judicial or arbitral body of any nature; or any
United States body exercising, or entitled to exercise, any administrative,
executive, judicial, legislative, police, regulatory or taxing authority or
power of any nature.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    "Person" means an individual,
sole proprietorship, partnership, joint venture, trust, unincorporated
association, corporation, limited liability company, entity or Governmental
Entity.

     

    "Per Share Purchase Price"
shall mean $1.50.

     

    "Rule
144" means Rule 144 promulgated by the SEC pursuant to the Securities Act, as
such Rule may be amended from time to time, or any similar rule or regulation
hereafter adopted by the SEC having substantially the same effect as such
rule.

     

    "Securities" means the shares
of Common Stock being sold by the Company to the Purchasers
hereunder.

     

    "SEC" means the United States
Securities and Exchange Commission.

     

    "Shares Purchased" means, as to
each Purchaser, the aggregate number of shares of Common Stock purchased at the
Closing and as specified below such Purchaser's name on the signature page of
this Agreement and next to the heading "Shares Purchased."

     

    "Short Sales" include (i) all
"short sales" as defined in Rule 200 promulgated under Regulation SHO under the
Exchange Act, whether or not against the box, and all types of direct and
indirect stock pledges, forward sale contracts, options, puts, calls, short
sales, swaps, "put equivalent positions" (as defined in Rule 16a-1(h) under the
Exchange Act) and similar arrangements (including on a total return basis), and
(ii) sales and other transactions through non-U.S. broker dealers or foreign
regulated brokers.

     

    "Subscription Amount" means, as
to each Purchaser, the aggregate amount to be paid for the Securities purchased
at the Closing by such Purchaser and as specified below such Purchaser's name on
the signature page of this Agreement and next to the heading "Subscription
Amount," in United States dollars in immediately available funds. The
Subscription Amount, as to each Purchaser, shall be the product of (i) the
aggregate number of Securities being purchased at the Closing by such Purchaser
and (ii) the Per Share Purchase Price.

     

    "Trading Day" means a day on
which the principal Trading Market is open for business.

     

    "Trading
Market" means the following markets or exchanges on which the Common Stock is
listed or quoted for trading on the date in question: the NYSE Amex; the NASDAQ
Capital Market; the NASDAQ Global Market; the NASDAQ Global Select Market; the
New York Stock Exchange; or the OTC Bulletin Board.

     

    "Transaction Documents" means
this Agreement and all exhibits and schedules hereto and any other agreements
executed in connection with the transactions contemplated
hereunder.

     

    "Transfer Agent Instruction
Letter" means an irrevocable letter on behalf of the Company addressed to
the transfer agent for the Common Stock instructing such transfer agent to issue
to such Purchaser as soon as reasonably practicable such number of Securities
being purchased by such Purchaser hereunder.

     

    ARTICLE
II

     

    PURCHASE AND
SALE

     

    2.1          The Securities;
Closings.

     

    (a)           Issuance of
Securities.  Subject to all of the terms and conditions hereof,
the Company agrees to sell to each Purchaser and each Purchaser, severally and
not jointly, agrees to purchase from the Company, in exchange for such
Purchaser's Subscription Amount, the number of Securities as specified below
such Purchaser’s name on the signature page of this Agreement and next to the
heading “Shares Purchased”, which number shall not be less than
500,000.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (b)           Closing.  Each
purchase and sale of the shares of Common Stock shall take place at a Closing to
be held at such time and location as the Company and the Purchasers
participating in such Closing shall mutually agree and upon satisfaction of the
covenants and conditions set forth in Section 2.2.  At each Closing,
each Purchaser participating in such Closing shall deliver to the Company via
wire transfer of immediately available funds equal to such Purchaser's
Subscription Amount as set forth on the signature page hereto executed by such
Purchaser, and the Company shall deliver to such Purchaser a copy of the
Transfer Agent Instruction Letter duly executed on behalf of the
Company.  In addition, at each Closing, the Company and each Purchaser
shall deliver the items set forth in Section 2.2 deliverable at the
Closing.  At each Closing, the Company shall update the Schedule of
Purchasers attached as Schedule I hereto to identify the relevant Closing Date
and list the name and address for each Purchaser participating in such Closing,
together with such Purchaser's Subscription Amount, which update shall not
require any formal amendment hereunder pursuant to Section 5.5.

     

    2.2          Closing
Conditions.

     

    (a)          The
obligations of the Company to a Purchaser hereunder in connection with a Closing
are subject to the following conditions being met, to the extent not waived by
the Company in writing:

     

    (1)           the
accuracy in all respects when made and on such Closing Date of the
representations and warranties of such Purchaser contained herein;

     

    (2)           all
obligations, covenants and agreements of such Purchaser required to be performed
at or prior to such Closing Date shall have been performed; and

     

    (3)           the
Company shall have received:

     

    (A)          this
Agreement duly executed by such Purchaser;

     

    (B)           the
full amount of such Purchaser's Subscription Amount by wire transfer to the
account specified in writing by the Company; and

     

    (C)           the
Accredited Investor Questionnaire completed and duly executed by such
Purchaser.

     

    (b)          The
respective obligations of the Purchasers hereunder in connection with a Closing
are subject to the following conditions being met to the extent not waived by
such Purchaser:

     

    (1)          (A)
the representations and warranties of the Company set forth in this Agreement
that are qualified by reference to materiality, material adverse
effect  or words of like effect shall be true and correct as of the
Closing Date as though made on and as of such date (except to the extent that
any such representation and warranty expressly speaks as of an earlier date, in
which case such representation and warranty shall be true and correct as of such
earlier date); and (B) the representations and warranties of the Company set
forth in this Agreement that are not qualified by reference to materiality,
material adverse effect or words of like effect shall be true and correct in all
material respects as of the date of the Closing Date as though made on and as of
such date (except to the extent that any such representation and warranty
expressly speaks as of an earlier date, in which case such representation and
warranty shall be true and correct in all material respects as of such earlier
date);

     

    (2)          all
obligations, covenants and agreements of the Company required to be performed at
or prior to such Closing Date shall have been performed; and

     

    (3)          such
Purchaser shall have received:

     

    (A)           this
Agreement duly executed by the Company;

     

    (B)           a
copy of the Transfer Agent Instruction Letter duly executed on behalf of the
Company; and

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (C)           a
certificate signed by the Company's Chief Executive Officer or Chief Financial
Officer, in such Person's capacity as an officer of the Company, to the effect
that the representations and warranties of the Company in Section 3.1 are true
and correct in all material respects (except to the extent that such
representations and warranties are qualified by materiality, material adverse
effect, or words of like effect, in which case such representations and
warranties shall be true in all respects) as of, and as if made on, the date of
this Agreement and as of such Closing Date and that the Company has satisfied in
all material respects all of the conditions set forth in this Section 2.2(b);
provided, however, that the foregoing certificate shall not be required if such
Closing Date occurs on the date of this Agreement.

     

    ARTICLE
III

     

    REPRESENTATIONS AND
WARRANTIES

     

    3.1          Representations and
Warranties of the Company.  The Company hereby represents and
warrants as of the date hereof and as of the applicable Closing Date to each
Purchaser as follows:

     

    (a)           Organization and
Qualification.  The Company is an entity 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 perform its obligations
under this Agreement. The Company is duly qualified to conduct business and is
in good standing as a foreign corporation or other entity in each jurisdiction
in which the nature of the business conducted or property owned by it makes such
qualification necessary, except where the failure to be so qualified or in good
standing, as the case may be, would not result in (i) a material adverse effect
on the business of the Company taken as a whole, or (ii) a material adverse
effect on the Company's ability to perform in any material respect on a timely
basis its obligations under any Transaction Document.

     

    (b)           Authorization.  The
execution, delivery and performance by the Company of this Agreement and each
other Transaction Document to which it is a party and each of the transactions
contemplated hereby or thereby have been duly and validly authorized by the
Company, and no other corporate act or proceeding on the part of the Company,
its board of directors or its stockholders is necessary to authorize the
execution, delivery or performance by the Company of this Agreement or any
Transaction Document to which it is a party or the consummation of any of the
transactions contemplated hereby or thereby.  This Agreement has been
duly executed and delivered by the Company and this Agreement constitutes, and
the other Transaction Documents upon execution and delivery by the Company will
each constitute, a valid and binding obligation of the Company, enforceable
against the Company in accordance with their respective terms, except (i) as
limited by general equitable principles and applicable bankruptcy, insolvency,
reorganization, moratorium and other laws of general application affecting
enforcement of creditors' rights generally, (ii) as limited by laws relating to
the availability of specific performance, injunctive relief or other equitable
remedies and (iii) insofar as indemnification and contribution provisions may be
limited by applicable law.

     

    (c)           No
Conflict.  The execution, delivery and performance by the
Company of this Agreement and the Transaction Documents to which it is a party
and the consummation of each of the transactions contemplated hereby or thereby
will not (i) violate or conflict with the certificate of incorporation or bylaws
of the Company, (ii) violate, conflict with, result in any material breach of,
constitute a default under, result in the termination of, result in the
acceleration of any obligations under, result in a material change in terms of,
create in any party the right to accelerate, terminate, modify or cancel, or
require any consent or notice under, or create an event that, with the giving of
notice or the lapse of time, or both, would be a default under or material
breach of, any judgment, order, writ, injunction, decree or demand of any
Governmental Entity that materially affects the ability of the Company to
perform its obligations under this Agreement, (iii) result in the creation or
imposition of any lien upon any assets or any of the equity of the Company, or
which affects the ability to conduct its business as conducted prior to the date
of this Agreement or perform its obligations under this Agreement, (iv) require
any declaration, filing or registration with, or authorization, consent or
approval of, exemption or other action by or notice to, any Governmental Entity
or other Person under the provisions of any law or any agreement to which the
Company is subject other than the filing of a Form D with the SEC and such
filings as are required to be made under applicable state securities
laws.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (d)           Legal
Proceedings.  There is no action, claim, suit or proceeding
pending by or against the Company that challenges or may have the effect of
preventing, delaying, making illegal or otherwise interfering with the execution
and delivery by the Company of this Agreement or any of the Transaction
Documents to which it is a party or the performance of the Company hereunder or
thereunder.

     

    (e)           Issuance of
Securities.  The Securities are duly authorized and, when
issued and paid for in accordance with the applicable Transaction Documents,
will be duly and validly issued, fully paid and nonassessable, free and clear of
all liens imposed by the Company other than restrictions on transfer provided
for in the Transaction Documents.

     

    (f)           SEC
Reports.  The Company has filed all reports, schedules, forms,
statements and other documents required to be filed by the Company under the
Securities Act and the Exchange Act, including pursuant to Section 13(a) or
15(d) thereof, since October 1, 2009 (the foregoing materials filed since
October 1, 2009, including the exhibits thereto and documents incorporated by
reference therein, being collectively referred to herein as the "SEC Reports")
on a timely basis or has received a valid extension of such time of filing and
has filed any such SEC Reports prior to the expiration of any such extension. As
of their respective dates, the SEC Reports (i) were complete and accurate in all
material respects and (ii) complied in all material respects with the
requirements of the Securities Act and the Exchange Act, as
applicable.

     

    (g)           Preemptive and Other
Rights.  No Person has any right of first refusal, preemptive
right, right of participation, or any similar right to participate in the
transactions contemplated by the Transaction Documents.

     

    (h)           Financial
Statements.  The SEC Reports fairly present, in all material
respects, the financial position of the Company as of and for the dates thereof
and the results of operations and cash flows for the periods then ended,
subject, in the case of unaudited statements, to normal, year-end audit
adjustments.

     

    (i)           Private
Placement.  Assuming the accuracy of each Purchaser's
representations and warranties set forth in Section 3.2, no registration under
the Securities Act is required for the offer and sale of the Securities by the
Company to the Purchasers as contemplated hereby.

     

    3.2          Representations and
Warranties of the Purchasers.  Each Purchaser, for itself and
for no other Purchaser, hereby represents and warrants as of the date hereof and
as of the applicable Closing Date to the Company as follows:

     

    (a)           Organization;
Authority.  Such Purchaser, if not a natural person, is an
entity duly organized, validly existing and in good standing under the laws of
the jurisdiction of its organization with full right, corporate or partnership
power and authority to enter into and to consummate the transactions
contemplated by the Transaction Documents and otherwise to carry out its
obligations hereunder and thereunder, and the execution and delivery of the
Transaction Documents and performance by such Purchaser of the transactions
contemplated by the Transaction Documents have been duly authorized by all
necessary corporate or similar action on the part of such
Purchaser.  Each Transaction Document to which it is a party has been
duly executed by such Purchaser, and when delivered by such Purchaser in
accordance with the terms hereof, will constitute the valid and legally binding
obligation of such Purchaser, enforceable against it in accordance with its
terms, except (i) as limited by general equitable principles and applicable
bankruptcy, insolvency, reorganization, moratorium and other laws of general
application affecting enforcement of creditors' rights generally, (ii) as
limited by laws relating to the availability of specific performance, injunctive
relief or other equitable remedies and (iii) insofar as indemnification and
contribution provisions may be limited by applicable law.

     

    (b)           Own
Account.  Such Purchaser (i) understands that the Securities
are "restricted securities" and have not been registered under the Securities
Act or any applicable state securities law (ii) is acquiring the Securities as
principal for its own account and not with a view to or for distributing or
reselling such Securities (within the meaning of Section 2(11) of the Securities
Act) or any part thereof in violation of the Securities Act or any applicable
state securities law, (iii) has no present intention of distributing any of such
Securities in violation of the Securities Act or any applicable state securities
law and (iv) has no direct or indirect arrangement or understandings with any
other Persons to distribute or regarding the distribution of such Securities
(this representation and warranty not limiting such Purchaser's right to sell
the Securities in compliance with applicable federal and state securities
laws).

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    (c)           Purchaser
Status.  At the time such Purchaser was offered the Securities,
it was, and at the date hereof it is, an "accredited investor" as defined in
Rule 501(a) under the Securities Act.  Such Purchaser is not required
to be registered as a broker-dealer under Section 15 of the Exchange
Act.

     

    (d)           Residency.  Such
Purchaser's principal executive offices (or residence, in the case of a
Purchaser that is an individual) are in the jurisdiction set forth in the
Accredited Investor Questionnaire.

     

    (e)           Experience
of Such Purchaser.  Such Purchaser, either alone or together with its
representatives (who are unaffiliated with and who are not compensated by the
Company or any Affiliate of the Company and who are not selling agents of the
Company), has such knowledge, sophistication and experience in business and
financial matters so as to be capable of evaluating the merits and risks of the
prospective investment in the Securities, and has so evaluated the merits and
risks of such investment.  Such Purchaser is able to bear the economic
risk of an investment in the Securities and, at the present time, is able to
afford a complete loss of such investment.

     

    (f)           No
Representations.  Such Purchaser confirms that neither the
Company nor any of its authorized agents has made any representation or warranty
to such Purchaser about the Company or the Securities other than those set forth
in this Agreement, and that such Purchaser has not relied upon any other
representation or warranty, express or implied, in connection with the
transactions contemplated by this Agreement.

     

    (g)           Investment
Risks.  Such Purchaser acknowledges and is aware that: (i)
there are substantial restrictions on the transferability of the Securities,
(ii) the Securities will not be, and such Purchaser does not have the right to
require that the Securities be, registered under the Securities Act, and (iii)
the certificates representing the Securities shall bear a legend similar to the
legend set out in Section 4.1.

     

    (h)           Opportunity to Ask
Questions.  During the course of the transaction contemplated
by this Agreement, and before acquiring the Securities, such Purchaser has had
the opportunity (i) to be provided with financial and other written information
about the Company, and (ii) to ask questions and receive answers concerning the
business of the Company and its finances. Such Purchaser has, to the extent it
has availed itself of this opportunity, received satisfactory information and
answers.

     

    (i)        
   General Solicitation.
Such Purchaser is not purchasing the Securities as a result of any
advertisement, article, notice or other communication regarding the Securities
published in any newspaper, magazine or similar media or broadcast over
television or radio or presented at any seminar or meeting or, to its knowledge,
in any other form of general solicitation or general advertisement.

     

    (j)    
       Investor
Questionnaire.  The Accredited Investor Questionnaire completed
by such Purchaser is accurate, true and complete in all respects.

     

    (k)           No Governmental
Review.  Such Purchaser understands that no Governmental Entity
has passed on or made any recommendation or endorsement of the Securities or the
fairness or suitability of the investment in the Securities nor have such
authorities passed upon or endorsed the merits of the offering of the
Securities.

     

    (l)    
       Regulation
M.  Such Purchaser is aware that the anti-manipulation rules of
Regulation M under the Exchange Act may apply to sales of Common Stock and other
activities with respect to the Common Stock by the Purchasers.

     

    (m)          Brokers and
Finders.  No Person will have, as a result of the transactions
contemplated by this Agreement, any valid right, interest or claim against or
upon the Company or such Purchaser for any commission, fee or other compensation
pursuant to any agreement, arrangement or understanding entered into by or on
behalf of such Purchaser.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    (n)           Certain Trading
Activities.  Other than with respect to the transactions
contemplated herein, since the time that such Purchaser was first contacted
regarding the transactions contemplated hereby until the date hereof, neither
such Purchaser nor any Affiliate of such Purchaser that (i) had knowledge of the
transactions contemplated hereby, (ii) has or shares discretion relating to such
Purchaser's investments or trading or information concerning such Purchaser's
investments, including in respect of the Securities, and (iii) is subject to
such Purchaser's review or input concerning such Affiliate's investments or
trading (collectively, "Trading Affiliates") has directly or indirectly, nor has
any Person acting on behalf of or pursuant to any understanding with such
Purchaser or Trading Affiliate, effected or agreed to effect any transactions in
the securities of the Company (including any Short Sales involving the Company's
securities).

     

    (o)           Reliance by the
Company.  Such Purchaser understands that the foregoing
representations and warranties are to be relied upon by the Company as a basis
for exemption of the sale of the Securities under the Securities Act and under
the securities laws of all applicable states and for other
purposes.

     

    ARTICLE
IV

     

    OTHER AGREEMENTS OF THE
PARTIES

     

    4.1          Transfer
Restrictions.

     

    (a)           The
Securities may only be disposed of in compliance with state and federal
securities laws.  In connection with any transfer of Securities other
than pursuant to an effective registration statement or in compliance with Rule
144 or to the Company, the Company may require the transferor thereof to provide
to the Company, at the transferor's sole expense, an opinion of counsel selected
by the transferor and reasonably acceptable to the Company, the form and
substance of which opinion shall be reasonably satisfactory to the Company, to
the effect that such transfer does not require registration of such transferred
Securities under the Securities Act and such transfer is in compliance with
applicable state securities laws.  As a condition of transfer, any
such transferee shall agree in writing to be bound by the terms of this
Agreement and shall have the rights of a Purchaser under this
Agreement.

     

    (b)           The
Purchasers agree to the imprinting, so long as is required by this Section 4.1,
of a legend on any certificate representing any of the Securities in the
following form:

     

    THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED WITH THE
UNITED STATES SECURITIES AND EXCHANGE COMMISSION (THE "COMMISSION") UNDER
SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), IN RELIANCE UPON ONE OR MORE EXEMPTIONS FROM REGISTRATION OR
QUALIFICATION AFFORDED BY THE SECURITIES ACT AND/OR RULES PROMULGATED BY THE
COMMISSION PURSUANT THERETO. THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE
ALSO NOT BEEN REGISTERED OR QUALIFIED (AS THE CASE MAY BE) UNDER THE SECURITIES
LAWS OF ANY STATE OR TERRITORY OF THE UNITED STATES (THE "BLUE SKY LAWS"), IN
RELIANCE UPON ONE OR MORE EXEMPTIONS FROM REGISTRATION OR QUALIFICATION (AS THE
CASE MAY BE) AFFORDED UNDER SUCH SECURITIES LAWS. THESE SECURITIES HAVE BEEN
ACQUIRED FOR THE HOLDER'S OWN ACCOUNT FOR INVESTMENT PURPOSES ONLY AND NOT WITH
A VIEW FOR RESALE OR DISTRIBUTION.

     

    4.2          Securities Laws Disclosure;
Publicity.  The Company shall have sole control over any press
release, public announcement, statement or acknowledgment with respect to this
Agreement and the consummation of the transactions contemplated
herein.

     

    4.3          Form D; Blue Sky
Filings.  The Company agrees to timely file a Form D with
respect to the Securities as required under Regulation D. The Company shall take
such action as the Company shall reasonably determine is necessary to obtain an
exemption for or to qualify the Securities for sale to the Purchasers at the
Closing under applicable securities or "Blue Sky" laws of the states of the
United States.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    ARTICLE
V

     

    MISCELLANEOUS

     

    5.1           Termination.  This
Agreement may be terminated by either the Company or any Purchaser (as to such
Purchaser's obligations hereunder only and without any effect whatsoever on the
obligations between the Company and the other Purchasers), by written notice to
the other parties, if a Closing hereunder has not been consummated on or before
October 1, 2010; provided, however, that such termination will not affect the
right of any party to sue for any breach by the other party (or parties) and
provided that this ARTICLE V shall survive the termination of this Agreement and
shall remain in full force and effect.

     

    5.2           Fees and
Expenses.  Each party shall pay the fees and expenses of its
advisers, counsel, accountants and other experts, if any, and all other expenses
incurred by such party incident to the negotiation, preparation, execution,
delivery and performance of this Agreement.  The Company shall pay all
transfer agent fees, stamp taxes and other taxes and duties levied in connection
with the delivery of any Securities to the Purchasers.

     

    5.3           Entire
Agreement.  This Agreement and the other Transaction Documents
contain the entire understanding of the parties with respect to the subject
matter hereof and supersede all prior agreements and understandings, oral or
written, with respect to such matters, which the parties acknowledge have been
merged into such documents, exhibits and schedules.

     

    5.4           Notices.  All
notices or other communications which are required or permitted hereunder shall
be in writing and shall be sufficiently given if (a) delivered personally or (b)
sent by registered or certified mail, postage prepaid or (c) sent by overnight
courier with a nationally recognized courier, or (d) sent via facsimile
confirmed in writing in any of the foregoing manners, as set forth on the
signature pages attached hereto if delivered to Purchasers, or as follows if
delivered to the Company:

     

    
      
        
          	 
      	
                  Mitek
      Systems, Inc.

                
	 
      	
                  8911
      Balboa Ave., Suite B

                
	 
      	
                  San
      Diego CA 92123

                
	 
      	
                  Attention:  James
      B. DeBello

                
	 
      	
                  Fax:  858.503.7820

                
	 
      	 
      
	
                  With
      a copy to:     

                	
                  Sheppard
      Mullin Richter & Hampton, LLP

                
	 
      	
                  501
      W. Broadway, 19th Floor

                
	 
      	
                  San
      Diego, CA 92101

                
	 
      	
                  Attention:  Robert
      G. Copeland, Esq.

                
	 
      	
                  Fax:  619.515.4128

                

        

      

    

     

    If sent
by mail, notice shall be considered delivered five Business Days after the date
of mailing, and if sent by any other means set forth above, notice shall be
considered delivered upon receipt thereof.  Any party may by notice to
the other parties change the address or facsimile number to which notice or
other communications to it are to be delivered or mailed.

     

    5.5           Amendments;
Waivers.  No provision of this Agreement may be waived,
modified, supplemented or amended except in a written instrument signed, in the
case of an amendment, by the Company and Purchasers holding at least two-thirds
of the aggregate number of Securities then held by Purchasers or, in the case of
a waiver, by the party against whom enforcement of any such waived provision is
sought.  No waiver of any default with respect to any provision,
condition or requirement of this Agreement shall be deemed to be a continuing
waiver in the future or a waiver of any subsequent default or a waiver of any
other provision, condition or requirement hereof, nor shall any delay or
omission of any party to exercise any right hereunder in any manner impair the
exercise of any such right.

     

    5.6           Headings.  The
headings herein are for convenience only, do not constitute a part of this
Agreement and shall not be deemed to limit or affect any of the provisions
hereof.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    5.7           Successors and
Assigns.  This Agreement shall be binding upon and inure to the
benefit of the parties and their successors and permitted assigns (including by
merger, share exchange or other similar corporate reorganization or similar
transaction).

     

    5.8           No Third-Party
Beneficiaries.  This Agreement is intended for the benefit of
the parties hereto and their respective successors and permitted assigns and is
not for the benefit of, nor may any provision hereof be enforced by, any other
Person.

     

    5.9           Governing
Law.  All questions concerning the construction, validity,
enforcement and interpretation of the Transaction Documents shall be governed by
and construed and enforced in accordance with the internal laws of the State of
California, without regard to the principles of conflicts of law
thereof.  Each party agrees that all legal proceedings concerning the
interpretation, enforcement and defense of the transactions contemplated by any
of the Transaction Documents (whether brought against a party hereto or its
respective directors, officers, shareholders, employees or agents) shall be
settled by arbitration administered by the American Arbitration Association in
accordance with its Commercial Arbitration Rules, and judgment on the award
rendered by the arbitrator(s) may be entered in any court having jurisdiction
thereof.

     

    5.10         Survival.  The
representations and warranties of the Company and each Purchaser shall survive
the Closing and the delivery of the Securities for the applicable statute of
limitations.

     

    5.11         Counterparts.  This
Agreement may be executed in any number of counterparts, and each such
counterpart hereof shall be deemed to be an original instrument, but all such
counterparts together shall constitute but one agreement.  Facsimile
and PDF signatures shall be treated as if they were originals.

     

    5.12         Severability.  If
any term or provision of this Agreement or the application thereof to any
circumstance shall, in any jurisdiction, be invalid or unenforceable, such term
or provision shall be ineffective as to such jurisdiction to the extent of such
invalidity or unenforceability without invalidating or rendering unenforceable
such term or provision in any other jurisdiction, the remaining terms and
provisions of this Agreement or the application of such terms and provisions to
circumstances other than those as to which it is held invalid or
enforceable.

     

    5.13         Remedies.  In
addition to being entitled to exercise all rights provided herein or granted by
law, including recovery of damages, each of the Purchasers and the Company will
be entitled to specific performance under this Agreement.  The parties
agree that monetary damages may not be adequate compensation for any loss
incurred by reason of any breach of obligations contained in the Transaction
Documents and hereby agrees to waive and not to assert in any action for
specific performance of any such obligation the defense that a remedy at law
would be adequate.

     

    5.14         Independent Nature of
Purchasers' Obligations and Rights; Separate Counsel.  The
obligations of each Purchaser under this Agreement are several and not joint
with the obligations of any other Purchaser, and no Purchaser shall be
responsible in any way for the performance or non-performance of the obligations
of any other Purchaser under this Agreement or any other related agreement.
Nothing contained herein, and no action taken by any Purchaser pursuant thereto,
shall be deemed to constitute the Purchasers as a partnership, an association, a
joint venture or any other kind of entity, or create a presumption that the
Purchasers are in any way acting in concert or as a group with respect to such
obligations or the transactions contemplated by this Agreement.  Each
Purchaser shall be entitled to independently protect and enforce its rights,
including the rights arising out of this Agreement or out of any related
agreement, and it shall not be necessary for any other Purchaser to be joined as
an additional party in any proceeding for such purpose.  Each
Purchaser acknowledges and agrees that such Purchaser has been represented by
its own separate legal counsel in their review and negotiation of the
Agreement.

     

    5.15         Attorney's
Fees.  In any proceeding arising out of this Agreement,
including with respect to any instrument, document or agreement made under or in
connection with this Agreement, the prevailing party shall be entitled to
recover its costs and actual attorneys' fees.  As used in this
Agreement, "actual attorneys' fees" shall mean the full and actual cost of any
legal services actually performed in connection with the matters involved,
calculated on the basis of the usual hourly fees charged by the attorneys
performing such services.

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    5.16         Construction.  This
Agreement has been negotiated by the parties and is to be interpreted according
to its fair meaning as if the parties had prepared it together and not strictly
for or against any party.  For purposes of this Agreement, (a) the
words "include," "includes" and "including" shall be deemed to be followed by
the words "without limitation"; (b) the word "or" is not exclusive; and (c) the
words "herein," "hereof," "hereby," "hereto" and "hereunder" refer to this
Agreement as a whole.  Currency amounts referenced herein, unless
otherwise specified, are in U.S. dollars. Unless the context otherwise requires,
references herein: (i) to the masculine, feminine or neuter gender includes
others (ii) to articles, sections, schedules and exhibits are to articles,
sections, schedules and exhibits of or to this Agreement; (iii) to an agreement,
instrument or other document means such agreement, instrument or other document
as amended, supplemented and modified from time to time to the extent permitted
by the provisions thereof and (iv) to a statute means such statute as amended
from time to time and includes any successor legislation thereto and any
regulations promulgated thereunder.

     

    [Signature
Pages Follow]

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed by their respective authorized signatories as of the date first
indicated above.

     

    
      
        
          
            
              	 
      	
                      Mitek
      Systems, Inc., a Delaware corporation

                    
	 
      	 
      	 
      
	 
      	
                      By:

                    	 
      
	 
      	
                      Name:

                    	 
      
	 
      	
                      Title:

                    	 
      

            

          

        

      

    

     

    [Signature
Pages For Purchasers Follow]

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the undersigned have caused this Agreement to be duly executed
by their respective authorized signatories as of the date first indicated
above.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	
                                      Name
      of Purchaser:

                                    	 	 
      
	
                                      Signature
      of Authorized Signatory of Purchaser:

                                    	 	 
      
	
                                      Name
      of Authorized Signatory:

                                    	 	 
      
	
                                      Title
      of Authorized Signatory:

                                    	 	 
      
	
                                      Facsimile
      Number of Purchaser:

                                    	 	 
      
	
                                      Address
      for Notice of Purchaser:

                                    	 	 
      
	 
      	 	 
      
	
                                      Address
      for Delivery of Securities for Purchaser (if not same as address for
      notice):

                                    	 	 
      
	
                                      Subscription
      Amount:

                                    	 	 
      
	
                                      Shares
      Purchased:

                                    	 	 
      
	
                                      EIN
      Number:

                                    	 	 
      

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}]]