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			Exhibit 10.3

				

				

			

		

		
			CORPORATE STOCK REDEMPTION AGREEMENT

					

				

		

		
			          This Corporate Stock Redemption Agreement, made this 6th day of May, 2008 (the “Agreement”), by and between Material Technologies, Inc., a Delaware corporation, (the “Corporation”) and The Robert M. Bernstein Revocable Trust (the “Stockholder”) (individually, a “Party”; collectively, the “Parties”).  This Agreement supersedes any and all agreements and understandings which predate this Agreement.

				

			

		

		
			RECITALS

						

					

		

		
			          A.        The Stockholder owns 30,000,000 shares of common stock issued by the Corporation (“Subject Shares”).

				

				          B.        The Corporation desires to redeem and purchase from the Stockholder the Subject Shares on the terms and subject to the conditions specified in this Agreement.

				

				          C.        Pursuant to this Agreement and subject to the terms and conditions specified in this Agreement, the Stockholder shall sell, assign, transfer, convey, surrender, deliver, and set over to the Corporation the Subject Shares.

				

				          NOW, THEREFORE, IN CONSIDERATION OF THE RECITALS SPECIFIED ABOVE THAT SHALL BE DEEMED TO BE A SUBSTANTIVE PART OF THIS AGREEMENT, AND THE MUTUAL COVENANTS, PROMISES, UNDERTAKINGS, AGREEMENTS, REPRESENTATIONS AND WARRANTIES SPECIFIED IN THIS AGREEMENT AND OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, WITH THE INTENT TO BE OBLIGATED LEGALLY AND EQUITABLY, THE PARTIES DO HEREBY COVENANT, PROMISE, AGREE, REPRESENT AND WARRANT AS FOLLOWS:

				

				          1.   Redemption of Subject Shares.  On the terms and subject to all of the conditions specified by the provisions of this Agreement and upon the performance by each of the Parties of their respective obligations created by the provisions of this Agreement, the Stockholder hereby forever and irrevocably sells, assigns, transfers, surrenders, conveys, delivers, and sets over to the Corporation, and Corporation hereby purchases and redeems from the Stockholder, the Subject Shares, by the Stockholder surrendering and delivering to the Corporation the certificate(s) representing and evidencing the Subject Shares, duly endorsed for transfer or accompanied by stock powers duly executed by the Stockholder.

				

				          2.   Consideration.  As consideration for the Stockholder’s surrender and sale, and the Corporation's purchase and redemption, of the Subject Shares, the Corporation shall issue to the Stockholder a total of 100,000,000 options to purchase common stock pursuant to the Corporation’s 2008 Incentive and Nonstatutory Stock Option Plan, dated April 22, 2008 (the “Purchase Price”), the payment of which shall be made within 30 days of the date first written hereinabove.

				

				

			

		

		
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		          3.   Stockholder’s Representations, Warranties and Covenants.  The Stockholder represents and warrants to the Corporation and covenants with the Corporation the following, the truth and accuracy of each of which shall constitute a condition precedent to the obligations of the Corporation pursuant hereto:
			          	          3.1       Validity of Agreement.  This Agreement is valid and obligates the Stockholder.

					

					          3.2       Share Ownership.  The Stockholder is the owner, free and clear of any encumbrances, of the Subject Shares. The Stockholder has full and complete rights and authorities to transfer, sell, surrender, assign, and convey the Subject Shares to the Corporation.

					

					          3.3       Brokerage and Finder's Fees.  The Stockholder has not incurred any liability to any broker, finder or agent for any brokerage fees, finder's fees or commissions with respect to the transaction contemplated by the provisions of this Agreement.

					

					          3.4       Voluntary Nature of Transaction. The surrender and sale by the Stockholder to the Corporation of the Subject Shares is made freely and voluntarily by the Stockholder. The Stockholder, in selling and surrendering the Subject Shares to the Corporation, is not acting under fraud, duress, menace or undue influence.
		

		

		          4.   Corporation's Representations and Warranties.  The Corporation represents and warrants to the Stockholder and covenants with the Stockholder the following, the truth and accuracy of each of which shall constitute a condition precedent to the obligations of the Stockholder pursuant hereto:
		

		

			          	
					          4.1       Validity of Agreement.  This Agreement is valid and obligates the Corporation. The Corporation has full and complete power and authority to redeem the Subject Shares, as contemplated by the provisions of this Agreement.

						

						          4.2       Brokerage and Finder's Fees.  The Corporation has not incurred any liability to any broker, finder or agent for any brokerage fees, finder's fees or commissions with respect to the transactions contemplated by the provisions of this Agreement.

						

						          4.3       Voluntary Nature of Transaction. The Corporation’s agreement to enter into the transaction contemplated by the provisions of this Agreement is made freely and voluntarily by the Corporation.  The Corporation in redeeming the Subject Shares is not acting under fraud, duress, menace or undue influence.

				

		

		          5.  Attorneys’ Fees.  In the event any Party hereto shall commence legal proceedings against the other to enforce the terms hereof, or to declare rights hereunder, as the result of a breach of any covenant or condition of this Agreement, the prevailing Party in any such

		

		

		
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		proceeding shall be entitled to recover from the losing Party its costs of suit, including reasonable attorneys' fees, as may be fixed by the court.

		

		          6.  Choice of Law.  This Agreement and the rights of the Parties hereunder shall be governed by and construed in accordance with the laws of the State of California including all matters of construction, validity, performance, and enforcement and without giving effect to the principles of conflict of laws.

		

		          7.  Exclusive Jurisdiction and Venue.  The parties agree that the Courts of the County of Orange, State of California shall have sole and exclusive jurisdiction and venue for the resolution of all disputes arising under the terms of this Agreement and the transactions contemplated herein.

		

		          8.  Notices.  Any notice, request, instruction, or other document required by the terms of this Agreement, or deemed by any of the Parties hereto to be desirable, to be given to any other Party hereto shall be in writing and shall be given by personal delivery, overnight delivery, mailed by registered or certified mail, postage prepaid, with return receipt requested, or sent by facsimile transmission to the addresses of the Parties as follows:

		

			                              	To the Corporation:	Material Technologies, Inc.

					Attn: Robert M. Bernstein, Chief Executive Officer

					11661 San Vicente Boulevard, Suite 707

					Los Angeles, California 90049

					Fax: (310) 473-3177
		  	
		To Stockholder:	The Robert M. Bernstein Revocable Trust

					Attn: Robert M. Bernstein

					11661 San Vicente Boulevard, Suite 707

					Los Angeles, California 90049

					Fax: (310) 473-3177
	  		
		With a copy to:	Oswald & Yap

					Attn: Lynne Bolduc, Esq.

					16148 Sand Canyon Avenue

					Irvine, CA  92618

					Fax: (949) 788-8980

		

		The persons and addresses set forth above may be changed from time to time by a notice sent as aforesaid.  If notice is given by personal delivery or overnight delivery in accordance with the provisions of this Section, such notice shall be conclusively deemed given at the time of such delivery provided a receipt is obtained from the recipient.  If notice is given by mail in accordance with the provisions of this Section, such notice shall be conclusively deemed given upon receipt and delivery or refusal.  If notice is given by facsimile transmission in accordance with the provisions of this Section, such notice shall be conclusively deemed given at the time of delivery if during business hours and if not during business hours, at the next business day after delivery, provided a confirmation is obtained by the sender.

		

		

		
			
				

				

			

		

		
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		          9.  Entire Agreement.  This Agreement supersedes any and all other agreements, either oral or in writing, between the Parties to this Agreement with respect to the subject matter hereof and contains all the covenants and agreements between said Parties with respect thereto, and each Party to this Agreement acknowledges that no representations, inducements, promises, or agreements, orally or otherwise, have been made by any Party, or anyone acting on behalf of any Party which are not embodied herein, and that any other agreement, statement, or promise concerning the subject matter set forth in this Agreement shall be of no force or effect except in a subsequent modification in writing signed by the Party to be charged.

		

		         10.  Severability.  If any provision hereof is held to be illegal, invalid or unenforceable under present or future laws effective during the term hereof, such provision shall be fully severable.  This Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part hereof, and the remaining provisions hereof shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance wherefrom.  Furthermore, in lieu of such illegal, invalid or unenforceable provision there shall be added automatically by the Corporation as a part hereof a provision as similar in terms to such illegal, invalid or unenforceable provision as may be possible and legal, valid and enforceable.

		

		         11.  Captions and Interpretations.  Captions of the paragraphs of this Agreement are for convenience and reference only, and the words contained in those captions shall in no way be held to explain, modify, amplify or aid in the interpretation, construction or meaning of the terms, conditions and provisions of this Agreement.  The language and all parts to this Agreement, in all cases, shall be construed in accordance with the fair meaning of that language and those parts and as if that language and those parts were prepared by all Parties and not strictly for or against any Party.  Each Party and counsel for such Party have reviewed this Agreement and participated in the negotiation and drafting of this Agreement.  The rule of construction, which requires a court to resolve any ambiguities against the drafting Party, shall not apply in interpreting the provisions of this Agreement.

		

		         12.  Further Assurance.  Each Party to this Agreement hereby agrees to take any and all action necessary or appropriate to execute and discharge its responsibilities and obligations created pursuant to the provisions of this Agreement and to further effectuate and carry out the intents and purposes of this Agreement and the transactions contemplated hereby.

		

		         13.  Number and Gender.  Whenever the singular number is used in this Agreement, and when required by the context, the same shall include the plural, and vice versa; the masculine gender shall include the feminine and neuter genders, and vice versa; and the word “person” shall include individual, company, sole proprietorship, corporation, joint venture, association, joint stock company, fraternal order, cooperative, league, club, society, organization, trust, estate, governmental agency, political subdivision or authority, firm, municipality, congregation, partnership, or other form of entity.

		

		         14.  Execution in Counterparts.  This Agreement may be executed in several counterparts and, when so executed, it shall constitute one agreement binding all Parties to this Agreement,

		

		

		
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		notwithstanding that all Parties to this Agreement are not signatory to the original and same counterpart.

		

		         15.  Successors and Assigns.  This Agreement and each of its provisions shall obligate the heirs, executors, administrators, successors, and assigns of each of the Parties hereto.  No provisions of this paragraph, however, shall be a consent to the assignment or delegation by any Party to this Agreement of its respective rights and obligations created pursuant to the provisions of this agreement.

		

		         16.  Conflict Waiver.  Stockholder hereby acknowledges that Oswald & Yap (“the Firm”) represents the Corporation with various legal matters and does not represent the Stockholder in connection with this Agreement or the contemplated transaction nor in any other respect. Stockholder further acknowledges that the Firm has drafted this Agreement. Stockholder has been given the opportunity to consult with counsel of their choice regarding their rights under this Agreement.  Stockholder hereby waives any action he may have against the Firm regarding such conflict of interest.

		

		

		          IN WITNESS WHEREOF, the Parties to this Stock Redemption Agreement have executed this Agreement as of the date first written hereinabove.

		

			CORPORATION:

						

						MATERIAL TECHNOLOGIES, INC.,

						a Delaware corporation

						

						

					/s/ Robert M. Bernstein                                    

					By: Robert M. Bernstein

					Its: Chief Executive Officer	STOCKHOLDER:

						

						THE ROBERT M. BERNSTEIN

						REVOCABLE TRUST

					

					

					/s/ Robert M. Bernstein                                    

					By: Robert M. Bernstein, Trustee

					Holdings: 30,000,000 shares

				

		

		

		

		ACKNOWLEDGED AS AUTHORIZED BY THE BOARD OF DIRECTORS OF THE CORPORATION:

			

			

		 /s/ Joel R. Freedman                                        

		By: Joel R. Freedman

		Its: Secretary

		

		

		

		

		
			5Q1 2008 10Q Exhibit 10.1

Exhibit 10.1

TERMINATION AND RELEASE

THIS TERMINATION AND RELEASE (this "Termination and Release"), dated as of April 13, 2008, is made by
and among SysteamUS, Inc. ("SysteamUS"), the stockholder of Systeam Italy, SpA, an Italian corporation ("Systeam
Italy"),and Intelligentias, Inc., a Nevada corporation ("Intelligentias").SysteamUS and Intelligentias are sometimes hereinafter
referred to individually as a "Party" and collectively, as the "Parties."

RECITALS:

WHEREAS, the Parties entered into that certain Stock Purchase Agreement, dated as of April 26, 2007 (the
"Stock Purchase Agreement"),pursuant to which Intelligentias purchased all of Systeam Italy's outstanding stock from SysteamUS;
and

WHEREAS, upon the terms and subject to the conditions as hereinafter set forth, the Parties have agreed to terminate
the Stock Purchase Agreement and that this Termination and Release shall operate as a full and final release of all claims by and between the
Parties hereto which have arisen or may arise under the Stock Purchase Agreement.

NOW, THEREFORE, with intent to be legally bound hereby and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

SECTION 1.Termination of Stock Purchase Agreement and Return of Shares.

	Any and all contracts, agreements, arrangements, and understandings arising under the Stock Purchase
Agreement are hereby terminated retroactively, as of March 15, 2008 (the "Effective Date"), and of no further force or effect, and no
rights, duties, obligations, or liabilities arising thereunder or relating thereto shall survive this termination.

	Concurrently with the execution of this Termination and Release, Intelligentias will deliver and return to SysteamUS
its 100% ownership interests in Systeam Italy, in whatever form such ownership interests (whether in stock or interest certificates or otherwise)
are evidenced.

	Commencing on the Effective Date, neither SysteamUS nor Systeam Italy shall use, disclose, sell, trade, license, or
otherwise distribute any data or products owned or produced by Intelligentias. Further, commencing on the Effective Date, SysteamUS shall,
and shall cause Systeam Italy to, cease to use the commercial brand "Retentia" in any manner. Within sixty (60) days of the execution of this
Termination and Release, SysteamUS shall, and shall cause Systeam Italy to, remove the commercial brand Retentia from any of its products
and shall not use "Retentia" in its name or as an assumed name.

	In connection with entering into the Stock Purchase Agreement, and from April 26, 2007 through the date of this
Agreement, the Parties hereto have disclosed to each other and their respective affiliates, directors, officers, employees, advisors, agents and
representatives (the "Representatives") non-public information and other information (whether in oral, written or

other form, electronically stored or otherwise), including, but not limited to written or electronic notes, analyses, summaries, compilations, studies,
interpretations, charts and other materials prepared by the receiving Party which contain, reflect or are otherwise based upon such non-public
information, concerning the disclosing Party, its affiliates and subsidiaries (hereinafter collectively referred to as the "Confidential
Information"). Notwithstanding anything herein to the contrary, the Parties will keep the Confidential Information strictly confidential and will
not (except as required by applicable law, regulation or legal process), without the disclosing Party's prior written consent, disclose any
Confidential Information. Each Party agrees to be responsible for any breach of this Section 1(c) by its Representatives. The term "Confidential
Information" does not include information that (a) was or becomes generally available to the public other than as a result of a disclosure by the
receiving Party or any of its Representatives; (b) was available to the receiving Party or its Representatives on a non-confidential basis prior to
its disclosure to the receiving Party by the disclosing Party or any of its Representatives; (c) was developed independent of the information
derived from the Confidential Information; or (d) becomes available to the receiving Party or its Representatives on a non-confidential basis from
a source other than the disclosing Party or any of its Representatives who are not otherwise known to the receiving Party to be bound not to
disclose such information pursuant to a contractual, legal or fiduciary obligation.

SECTION 2.Releases.

	 Full, Final and Complete Release of Intelligentias.  SysteamUS (the "Seller Releasing
Party") does hereby fully, finally, completely and absolutely release, acquit and forever discharge Intelligentias and its respective current
and former partners, members, officers, directors, shareholders, employees, agents, attorneys, parent companies, subsidiaries, affiliates, heirs,
successors, assigns, and representatives (collectively the "Intelligentias Released Parties") and all those at interest therewith
of and from any and all claims, demands, actions, remedies, causes of action, lawsuits, arbitrations, debts, liabilities, contracts, damages, costs
(including, without limitation, attorneys' fees and all costs of court or other proceedings), expenses and losses of every kind or nature, whether
arising by contract, tort or other theory, at this time known or unknown, direct or indirect, fixed or contingent, accrued or unaccrued, matured or
unmatured, liquidated or unliquidated, in law, by statute, by regulation, by court order, or in equity, that the Seller Releasing Party and all heirs,
beneficiaries, executors, administrators, personal representatives, successors, assigns, agents, employees, or representatives of the Seller
Releasing Party and all those at interest therewith, ever had or now has, for, upon or by reason or arising out of or related directly or indirectly to
the Intelligentias Released Parties concerning or in any way related to (a) the Stock Purchase Agreement or any transaction contemplated
therein; (b) the conduct of the business of the Intelligentias Released Parties between the date of the Stock Purchase Agreement and the date
of this Termination and Release; and (c) the receipt, dissemination or use of any information received from the Intelligentias Released Parties
prior to the date of this Termination and Release.

	 Full, Final and Complete Release of SysteamUS.  Intelligentias (the "Intelligentias Releasing
Party") does hereby fully, finally, completely and absolutely release, acquit and forever discharge SysteamUS and its current and former
partners, members, officers, directors, shareholders, employees, agents, attorneys, parent companies, subsidiaries, affiliates, heirs, successors,
assigns, and representatives (collectively the "Seller Released Parties") and all

those at interest therewith of and from any and all
claims, demands, actions, remedies, causes of action, lawsuits, arbitrations, debts, liabilities, contracts, damages, costs (including, without
limitation, attorneys' fees and all costs of court or other proceedings), expenses and losses of every kind or nature, whether arising by contract,
tort or other theory, at this time known or unknown, direct or indirect, fixed or contingent, accrued or unaccrued, matured or unmatured,
liquidated or unliquidated, in law, by statute, by regulation, by court order, or in equity, that the Intelligentias Releasing Party and all heirs,
beneficiaries, executors, administrators, personal representatives, successors, assigns, agents, employees, or representatives of the
Intelligentias Releasing Party and all those at interest therewith, ever had or now has, for, upon or by reason or arising out of or related directly
or indirectly to the Seller Released Parties concerning or in any way related to the Stock Purchase Agreement.

	 Each Party Shall Bear Its Own Costs and Fees.  Each Party will bear its own costs and attorneys' fees related in any manner to
this Termination and Release.

SECTION 3.Acknowledgment.
 

	Comprehension of Document.  Each Party acknowledges that they enter into this Termination and
Release fully and voluntarily from their own information and investigation and that they have had an opportunity to consult with independent
legal counsel and other advisors regarding all legal and other effects of this Termination and Release. Each Party acknowledges that no
representations were made to induce execution of this Termination and Release that are not expressly contained herein.

	 Release of All Claims.  It is the express intent of all the Parties that this Termination and Release operate
as a full, final and complete release of any and all claims (except as specified herein) that a releasing Party may have or ever had against the
released Parties on or prior to the date hereof, regardless of whether such claim exists or may ever have existed under any state law, federal
law or any foreign jurisdiction's law.

SECTION 4.Miscellaneous.

	Governing Law.  This Termination and Release shall be governed by, and construed in accordance with,
the internal laws of the State of California applicable to contracts executed and fully performed within the State of California (without giving
effect to any choice of law principles thereof which may direct the application of the laws of another jurisdiction).

	 Consent to Jurisdiction.  Each Party hereby irrevocably submits to the jurisdiction of any California State or
Federal Court sitting in the City and County of San Francisco in respect of any suit, action or proceeding arising out of or relating to this
Termination and Release, and irrevocably accepts for itself, generally and unconditionally, jurisdiction of the aforesaid courts. Each Party
irrevocably waives, to the fullest extent such Party may effectively do so under applicable law, trial by jury and any objection that such Party may
now or hereafter have to the laying of venue of any such suit, action or proceeding brought in any such court and any claim that any such suit,
action or proceeding brought in any such court has been brought in an inconvenient forum. Nothing herein shall affect the right of any Party
hereto to serve process in any manner permitted by law or to commence legal proceedings or otherwise proceed against

any other Party in any
other jurisdiction. In addition to any other form of service of process authorized by law, service of process in any action, suit, proceeding or claim
hereunder shall be sufficient if mailed to each Party hereto at the address specified in Section 4(d) and such service shall constitute "personal
service" for purposes of such action, suit, proceeding or claim.

	 Entire Agreement.  This Termination and Release contain the complete agreement among the Parties
hereto with respect to the subject matter hereof and thereof, supersede all prior agreements and understandings and no other understanding
which modifies the terms hereof shall be binding unless made in writing and executed by authorized representatives of the Parties
hereto.

	 Notices.  Any notice, consent, request or other communication made or given in accordance with this
Termination and Release shall be in writing and shall be deemed effectively given when actually received if delivered in person, sent by
internationally recognized overnight courier service, or sent by facsimile transmission or, if mailed, five business days after mailing by registered
or certified mail, return receipt requested to those listed below at their following respective addresses or facsimile numbers:

	
IF TO INTELLIGENTIAS:
	 	 	
303 Twin Dolphin Drive

   6th Floor

   Redwood City, CA 94065

   Telecopier:

   Attn:  Luigi Caramico

	
IF TO SYSTEAMUS:
	 	 	
Systeam US, Inc.

   82 Pioneer Way 

   Suite 114

   Mountain View, CA

or to such other address or addresses as a Party may from time to time designate as to itself,
by notice as provided herein, provided that any such notice shall be deemed effectively given only upon receipt.

	 Severability.  If one or more provisions of this Termination and Release are held to be unenforceable
under applicable law, such provision shall be excluded from this Termination and Release and the balance of the Termination and Release shall
be interpreted as if such provision were so excluded and shall be enforceable in accordance with its terms.

	 Successors and Assigns.  The terms and conditions of this Termination and Release shall inure to the
benefit of and be binding upon the respective successors, heirs, executors, legal representatives, and assigns of the Parties hereto.

	Counterparts.  This Termination and Release may be executed in any number of counterparts,
each of which shall be an original, but all of which, taken together, shall constitute one and the same document.

	 Titles.  The titles, captions or headings of the Sections herein are inserted for convenience of reference
only and are not intended to be a part of or affect the meaning or interpretation of this Termination and Release.

[Remainder of Page Intentionally Left Blank; Signature Pages
Follow]

IN WITNESS WHEREOF, the Parties hereto have caused this Termination and Release to be executed as of the date
first above written.
INTELLIGENTIAS, INC.

By:/s/ Luigi Caramico

   Name:Luigi Caramico 

   Title:President

 

SYSTEAMUS, INC.

By:/s/ Carver C. Farrow II

   Name:Carver C. Farrow II

   Title:Attorney

See attached acknowledgement

ACKNOWLEDGMENT

State of:California

County of:Santa Clara

 

On April 11, 2008, before me Cathy M. Wong, Notary Public 

                                                (here insert name and title of the officer)

personally appeared Luigi Caramico, Carver C. Farrow

who proved to me on the basis of satisfactory evidence to be the person(s)

whose name(s) is/are subscribed to the within instrument and acknowledged to 

me that he/she/they executed the same in his/her their authorized capacity/ies

and that by his/her their signatures on the instrument the person(s) or the

entity upon behalf of which the person(s) acted, executed the instrument.

 

I certify under PENALTY OF PERJURY under the laws of the State of California 

That the foregoing paragraph is true and correct.

 

WITNESS my hand and official seal
[seal]       CATHY M. WONG 

                        COMM. #1672368

                  Notary Public - California

                  Santa Clara County

                  My Comm. Expires Jun. 4, 2010

Signature /s/ Cathy M. Wong

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