Document:

Second Modification of Second Amended and Restated Construction of Deed of Trust

 Exhibit 10.13 
 RECORDING REQUESTED BY AND 
 WHEN RECORDED, RETURN TO: 
 SHEPPARD, MULLIN, RICHTER & HAMPTON LLP 
 333 South Hope Street, 48th Floor 
 Los Angeles, California 90071 
 Attention: Charbel F. Lahoud, Esq. 
  

 SECOND MODIFICATION OF SECOND
AMENDED AND RESTATED CONSTRUCTION DEED OF TRUST, FIXTURE FILING AND SECURITY AGREEMENT WITH ASSIGNMENT OF RENTS 
 This Second
Modification of Second Amended and Restated Construction Deed of Trust, Fixture Filing and Security Agreement with Assignment of Rents (the “Modification”) is made as of March 28, 2007, among CIRCUS AND ELDORADO JOINT VENTURE, a
Nevada general partnership (“Trustor”), and BANK OF AMERICA, N.A., as Administrative Agent for the Lenders referred to below (“Beneficiary”). 
 RECITALS 
 A. Trustor has entered into that certain Second Amended and Restated Credit Agreement
dated as of March 5, 2002 (as amended, modified or supplemented prior to the date hereof, the “Credit Agreement”) among Trustor, the Lenders referred to therein and Beneficiary, pursuant to which Lenders have agreed to extend certain
credit facilities to Trustor. Capitalized terms used but not defined herein are used with the meanings set forth for those terms in the Credit Agreement. 
 B. Certain obligations of Trustor to Beneficiary are secured by that certain Second Amended and Restated Construction Deed of Trust, Fixture Filing and Security Agreement with Assignment of Rents dated as of
February 26, 2002, by Trustor in favor of Beneficiary and recorded as Instrument No. 2660290 on March 5, 2002, in the Official Records of the Washoe County Recorder in Washoe County, Nevada (as amended, assigned, supplemented, or
restated from time to time, the “Deed of Trust”), which Deed of Trust encumbers that real and personal property more particularly described in Exhibit “A” attached hereto. 
 C. Trustor and Beneficiary have agreed to modify the Credit Agreement as provided for in an Amendment No. 4 to Second Amended and Restated Credit
Agreement of even date herewith (the “Amendment”). 
  

 -1- 

 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
acknowledged, the parties hereto agree as follows: 
 AGREEMENT 
 1. The Amendment is incorporated in this Modification by this reference, as though the same were set forth herein in full. 
 2. The Credit Agreement is amended on the terms and subject to the conditions of the Amendment, which provides for, among other things, (a) an
extension of the Maturity Date under the Credit Agreement (b) a modification to the Fixed Charge Coverage Ratio covenant and the Capital Expenditures covenant, and (c) a modification to the permitted prepayment of indebtedness covenant.

 3. The Deed of Trust is modified to secure payment and performance of the Credit Agreement as amended to date, in addition to all other
obligations secured thereby. 
 4. The real property and the whole thereof described in the Deed of Trust and in
Exhibit “A” attached hereto shall remain subject to the lien, charge or encumbrance of the Deed of Trust and nothing herein contained or done pursuant hereto shall affect or be construed to affect the liens, charges or
encumbrances of the Deed of Trust, or the priority thereof over other liens, charges or encumbrances, or to release or affect the liability of any party or parties who may now or hereafter be liable under or on account of the Credit Agreement, any
related documents and/or the Deed of Trust. 
 5. All terms and conditions of the Deed of Trust not expressly modified herein remain in full
force and effect, without waiver or amendment. This Modification and the Deed of Trust shall be read together, as one document. 
 6. This
Modification may be executed in counterparts. 
 [signature page follows] 
  

 -2- 

 IN WITNESS WHEREOF, the parties hereto have caused this Modification to be duly executed as of the date
first set forth above. 
  

									
	“Trustor”	  		 	“Beneficiary”
			
	 CIRCUS AND ELDORADO JOINT VENTURE,
 a Nevada general partnership
	  		 	 BANK OF AMERICA, N.A.,
 as
Administrative Agent

	  		 
					
	By:	 	 /s/ Stephanie Lepori
	  		 	By:	 	 /s/ Maurice E. Washington

		 	Stephanie Lepori, CFO	  		 		 	Maurice E. Washington, V.P.
		 	[Printed Name and Title]	  		 		 	[Printed Name and Title]

 [ALL SIGNATURES MUST BE ACKNOWLEDGED.] 
  

 -3- 

 ACKNOWLEDGEMENT 
  

			
	STATE OF NEVADA	 	)
		 	)
	COUNTY OF WASHOE	 	)

 On March 23, 2007, before me, Kerri LaFerriere, a Notary Public, personally appeared
Stephanie Lepori, personally known to me (or 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 signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 
 WITNESS my hand and official seal. 
  

			
	 Signature
	 	 /s/ Kerri LaFerriere

  

			
	STATE OF TEXAS	 	)
	COUNTY OF DALLAS	 	)

 On March 13, 2007, before me, Rosa Sendejas, a Notary Public, personally appeared Maurice
Washington, personally known to me (or 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 signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 
 WITNESS my hand and official seal. 
  

			
	 Signature
	 	 /s/ Rosa Sendejas

  

 -4- 

 EXHIBIT “A” 
 LEGAL DESCRIPTION OF PROPERTY 
 THE LAND REFERRED TO HEREIN IS SITUATED IN THE
COUNTY OF WASHOE, STATE OF NEVADA, AND IS DESCRIBED AS FOLLOWS: 
 PARCEL 1: 
 Beginning at the intersection of the Southern line of West Fifth Street with the Western line of North Virginia Street; thence Southerly along said
Western line of North Virginia Street, 88.00 feet; thence Westerly parallel with the Northern line of West Fourth Street 140.00 feet to the Eastern line of alley; thence Northerly along the last mentioned line 88.00 feet to said Southern line of
West Fifth Street; thence Easterly along said Southern line of West Fifth Street, 140.00 feet to the point of beginning. 
 PARCEL 2: 
 Beginning at the intersection of the West line of North Virginia Street with the North line of Lot 10 in Block “B” of ORIGINAL TOWN, NOW CITY OF
RENO, according to the map thereof, filed in the office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871; thence Northerly along the Westerly line of North Virginia Street, 12 feet, more or less, to the Southeast
corner of the parcel of land described in the deed to Ivanhoe Corporation of record in Book 453, File No. 278019, Deed Records; thence Westerly along the Southern line of said Ivanhoe Corporation parcel 140 feet to the Easterly line of an
alley; thence Southerly along the last mentioned line, 12 feet, more or less, to the Northwest corner of said Lot 10; thence Easterly to the point of beginning. 
 PARCEL 3: 
 Lots 10, 11, 12 and the North 13 feet of Lot 13 in Block “B” of ORIGINAL TOWN, NOW CITY OF RENO,
according to the map thereof, filed in the office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871. 
 PARCEL 4:

 The Northerly 9.25 feet of Lot 3 and all of Lots 4, 5, 6, 7 and 8 in Block “B” of ORIGINAL TOWN, NOW CITY OF RENO, according
to the map thereof, filed in the office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871. 
  

 -1- 

 ALSO a parcel of land bounded on the South by the Southern line of the 40 foot alley as laid out on the
map of the Town, now City of Reno, in said Block “B”, bounded on the West by the Eastern line of North Sierra Street, bounded on the North by the Southern line of West Fifth Street and bounded on the East by the Western line of the 20 foot
alley running Northerly and Southerly through said Block “B”. 
 PARCEL 5: 
 The South 37 feet of Lot 13 in Block “B” of the “ORIGINAL TOWN, NOW CITY OF RENO”, according to the official map thereof, filed in the
office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871. 
 PARCEL 6: 
 Lot 14 in Block B of ORIGINAL TOWN, NOW CITY OF RENO, according to the map thereof, filed in the office of the County Recorder of Washoe County, State of
Nevada, on June 27, 1871. 
 PARCEL 7: 
 The West forty (40) feet of Lot Fifteen (15) in Block “B” fronting forty (40) feet on the North line of Fourth Street, as designated on the official map of said City of Reno, Nevada, on file and of record in the
office of the County Recorder in and for the said County of Washoe; the property hereby conveyed being the same property described in a Deed from May J. A. Nadon and others to Dale V. Clanton, dated November 18, 1920, and filed for record on
the 29th day of November, 1920, in the office of the County Recorder in and for the County of Washoe, and therein recorded in Book 56 of Deeds, at Page 440. 
 PARCEL 8: 
 The East 100 feet of Lot 15 in Block B of original town, now City of Reno, according to the map thereof, filed in
the office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871. 
 PARCEL 9: 
 All of Lots 1 and 2, and the South 40.75 feet of Lot 3 in Block B of the ORIGINAL TOWN, NOW CITY OF RENO, according to the map thereof, filed in the
office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871. 
 PARCEL 10: 
 The South 20 feet of Lot 10, and all of Lots 11, 12, 13, 14, 15 and 16, in Block A, of ORIGINAL TOWN, NOW CITY OF RENO, according to the map thereof,
filed in the office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871. 
  

 -2- 

 TOGETHER WITH the East 1/2 of the North-South alley running through said Block A, immediately adjoining
Lots 11, 12, 13, 14, 15 and 16 on the West, and more particularly described in those certain Orders of Abandonment recorded January 19, 1977 in Book 1044, Page 521 as Document No. 445058, and recorded November 14, 1985 in Book 2251,
Page 933 as Document No. 1034253 of Official Records. 
 PARCEL 11: 
 The East 78 feet of Lot 9 and the East 78 feet of the North 30 feet of Lot 10 in Block A of the ORIGINAL TOWN, NOW CITY OF RENO, according to the Official Map thereof, filed in the office of the County Recorder of
Washoe County, State of Nevada, on June 27, 1871. 
 Together with that portion of the vacated alley lying Southerly of the Southerly
line of West Fifth Street and Westerly of the Westerly line of North Sierra Street adjoining said Lot 9 at its most Northeasterly corner. 
 PARCEL 12:

 A portion of the Southwest 1/4 of the Northeast 1/4 of Section 11, Township 19 North, Range 19 East, M.D.B&M., lying and being
in the City of Reno, County of Washoe, State of Nevada, and more particularly described as follows: 
 The Westerly 74 feet of Lot 9 and the
Westerly 74 feet of the North 30 feet of Lot 10, all in Block A of the ORIGINAL TOWN, NOW CITY OF RENO, according to the official map thereof, filed in the office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871.

 PARCEL 13: 
 BEGINNING at the Northeast
corner of Lot 8, Block A, as shown on the official plat of the town, now City of Reno, Nevada, filed in the office of the County Recorder of Washoe County, Nevada, on June 27, 1871; thence Southerly along the Easterly lines of Lots 8 and 7 of
said Block A to the Southeast corner of Lot 7; thence Westerly along the Southerly line of Lot 7 and the Southerly line of Lot 7 projected to its intersection with the Easterly line of West Street; thence Northerly along the Easterly line of West
Street to the Southerly line of West Fifth Street; thence Easterly along the Southerly line of West Fifth Street to the point of beginning. 
 PARCEL 14:

 Lots 1, 2, 3, 4, 5, 6, in Block A, of ORIGINAL TOWN, NOW CITY OF RENO, according to the map thereof, filed in the office of the County
Recorder of Washoe County, State of Nevada, on June 27, 1871, together with that parcel immediately adjoining Lots 5 and 6 on the West, that is more particularly described as follows: 
  

 -3- 

 BEGINNING at the Northeasterly corner of Lot 6, in Block A of ORIGINAL TOWN, NOW CITY OF RENO, according
to the map thereof, filed in the office of the County Recorder of Washoe County, State of Nevada, on June 27, 1871; thence Southerly along the Easterly line of said Lots 5 and 6, in Block A, 100 feet to the Southeasterly corner thereof; thence
Westerly along the Southerly line of said Lot 5 and the Southerly line of Lot 5 extended Westerly to the Easterly line of West Street, as now located in the City of Reno, a distance of 140 feet; thence Northerly along the Easterly line of West
Street 100 feet to a point which would be intersected by a line extended Westerly from the Northeasterly corner of said Lot 6 and along the Northerly line of said Lot 6; thence Easterly and along said line and the Northerly line of said Lot 6, a
distance of 140 feet to the Northeasterly corner of said Lot 6, the point of beginning; said premises being Lots 5 and 6 in Block A of the TOWN OF RENO, according to the map above mentioned, and that portion of the 40 foot alley around the Town of
Reno, according to the map above mentioned, lying Westerly of Lots 5 and 6 and East of the East line of West Street, as now located and between the Northerly and Southerly line of said Lots 5 and 6 if said lines were extended Westerly to the
Easterly line of West Street as now located. 
 TOGETHER WITH the West one-half of the North-South alley running through said Block A,
immediately adjoining said LOTS 1, 2, 3, 4, 5 and 6 on the East, and more particularly described in those certain Orders of Abandonment recorded January 19, 1977 in Book 1044, Page 521 as Document No. 445058, and recorded on
November 14, 1985 in Book 2251, Page 533 as Document No. 1034253, Official Records, Washoe County, State of Nevada. 
 PARCEL 15:

 All that certain 20.0 ft. wide alley connecting West Fourth Street with West Fifth Street, Reno, Nevada, lying within Block B of the
original Town, now City of Reno, according to the map thereof, filed in the Office of the Washoe County Recorder on June 27, 1871, and within Block B of the Evans North Addition, according to the map thereof, filed in the office of the Washoe
County Recorder on December 16, 1879. 
 PARCEL 16: 
 All that certain 20.0 ft. wide alley lying between Lots 7, 8, 9 and 10 of Block A of the Original Town, now City of Reno, according to the map thereof, filed in the office of the Washoe County Recorder on
June 27, 1871. 
  

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 PARCEL 17: (Air Rights Only) 
 All that certain piece or parcel of land located within a portion of the Northeast 1/4 of Section 11, Township 19 North, Range 19 East, M.D.B.&M. more particularly described as follows: 
 That certain air space located above Sierra Street commencing at an elevation of 4,521 and extending vertically 32 feet to an elevation of 4,553 feet,
which height is measured from the finished floor elevation of the Silver Legacy Casino at 4,503 feet, and located directly over that certain parcel of real property described as follows: 
 Commencing at the Southwest corner of Block B Reno Townsite as shown on Record-of-Survey 2665, recorded January 27, 1994, 
 thence North 13°48’48” West 97.13 feet to the True Point of Beginning 
 thence North 13°48’48” West 223.17 feet 
 thence South 76°11’12” West 80.00 feet 
 thence South 13°48’48” East 223.17 feet 
 thence North 76°11’12” East 80.00 feet to the True Point of Beginning 
 PARCEL 18: (Subterranean Rights Only) 
 All that certain piece or parcel of land located within a
portion of the Northeast 1/4 of Section 11, Township 19 North, Range 19 East, M.D.B.&M. more particularly described as follows: 
 That certain subterranean space located beneath Sierra Street commencing at an elevation of 4,480 and extending vertically 20 feet to an elevation of 4,500 feet, which height is measured from the finished floor elevation of the Silver
Legacy Casino at 4,503 feet, and located directly below that certain parcel of real property described as follows: 
 Commencing at the
Southwest corner of Block B Reno Townsite as shown on Record-of -Survey 2665, recorded January 27, 1994, 
 thence North
13°48’48” West 181.05 feet to the True Point of Beginning 
 thence North 13°48’48” West 24.33 feet 
 thence South 76°11’12” West 80.00 feet 
 thence South 13°48’48” East 24.33 feet 
 thence North 76°11’12” East 80.00 feet to the True Point of
Beginning 
  

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 EXCEPTING THEREFROM the above Parcels 1 through 18, all those certain parcels as conveyed to THE CITY OF
RENO, a Nevada municipal corporation, by Deed of Dedication recorded March 9, 1995 in Book 4259, Page 956 as Document No. 1876631 of Official Records, and as amended by Deed of Dedication recorded May 5, 1995 in Book 4297, Page 667 as
Document No. 1891266 of Official Records. 
 Part II: 
 PARCEL 19: 
 Together with the reciprocal easement rights, as contained in those certain Bridge Easements dated May 25,
1995 by and between CIRCUS AND ELDORADO JOINT VENTURE, a Nevada general partnership and CIRCUS CIRCUS CASINO, INC., a Nevada corporation and ELDORADO HOTEL ASSOCIATES LIMITED PARTNERSHIP, a Nevada limited partnership, recorded May 31, 1995 as
Document Numbers 1897109 and 1897108 of Official Records, Washoe County, Nevada. 
 NOTE: The above metes and bounds description appeared previously in that
certain document recorded October 26, 1994, in Book 4179, Page 844, as Instrument No. 1844158 
  

 -6-Form of Nontransferable Non-Qualified Stock Option Agreement under the 2006 Plan

 Exhibit 4.2 
 NONTRANSFERABLE NON-QUALIFIED STOCK OPTION AGREEMENT dated «GrantDate», between Memry Corporation, a Delaware corporation (the “Company”), and «FirstName»
«LastName», (the “Optionee”, which term as used herein shall be deemed to include any successor to the Optionee by will or by the laws of descent and distribution, unless the context shall otherwise require). 
 Pursuant to the Company’s 2006 Long-Term Incentive Plan, as amended (as so amended, the “Plan”), the Company, acting through the
Compensation Committee of its Board of Directors (the “Committee”), approved the issuance to the Optionee of a Non-qualified Stock Option to purchase up to an aggregate of «Options» shares of common stock, $0.01 par value, of
the Company (the “Common Stock”), effective as of «GrantDate», (the “Grant Date”), at the price (the “Option Price”) of $«OptionPrice» per share, upon the terms and conditions hereinafter set
forth. 
 NOW, THEREFORE, in consideration of the mutual premises and undertakings hereinafter set forth, the parties hereto agree as
follows: 
 1. Option; Option Price. On behalf of the Company, the Committee hereby grants to the Optionee the option
(the “Option”) to purchase, subject to the terms and conditions of this Agreement and the Plan (which are incorporated by reference herein and which in all cases shall control in the event of any conflict with the terms, definitions and
provisions of this Agreement), «Options» shares of Common Stock of the Company at an exercise price per share equal to the Option Price, which Option is not intended to qualify for federal income tax purposes as an “incentive
stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). A copy of the Plan as in effect on the date hereof has been supplied to the Optionee, and the Optionee hereby
acknowledges receipt thereof. 
 2. Term. The term (the “Option Term”) of the Option commenced on the Grant Date and
shall expire on the tenth anniversary of the Grant Date, unless such Option shall theretofore have been terminated in accordance with the terms hereof or of the Plan. 
 3. Time of Exercise. Unless accelerated in the discretion of the Committee or as otherwise provided herein, the Option shall become exercisable as to the total number of shares of Common Stock subject to
the Option in accordance with Exhibit A attached hereto; provided, however, no part of such Option may be exercised by the Optionee until such Optionee shall have remained in the employ of the Company or any corporation which at the time the

 Memry Corporation, 3 Berkshire Boulevard, Bethel, CT 06801 

  

 1. 

 
Option is granted qualifies as a “subsidiary corporation” of the Company under Section 424(f) of the Code (any of the aforementioned, a
“Participating Company”) for at least one year from the Grant Date, unless employment of the Optionee is terminated on account of death or a Total Disability (as defined in Section 4(a)(iii) below). Subject to the provisions of
Sections 5 and 8 hereof, shares as to which the Option becomes exercisable pursuant to the foregoing provisions may be purchased at any time thereafter prior to the expiration or termination of the Option. 
 4. Termination of Option. (a) The unexercised portion of the Option (which portion was otherwise vested and exercisable on the date of
termination) (the “Unexercised Portion”) shall automatically terminate and shall become null and void and be of no further force or effect upon the first to occur of the following: 
 (i) the expiration of the Option Term; 
 (ii) the expiration of three months from the date that the Optionee ceases to be an employee of a Participating Company for any reason (including death), other than as a result of a Total Disability (as defined in
subparagraph (iii) below) or a Termination For Cause (as defined in subparagraph (iv) below); provided, however, that if the Optionee ceases to be an employee other than due to death but subsequently dies during such three-month period,
the Unexercised Portion shall be exercisable by the Optionee’s executors or administrators during such period in accordance with Section 10 hereof; 
 (iii) the expiration of 12 months from the date that the Optionee ceases to be an employee of a Participating Company as a result of the
Optionee’s permanent and total disability (within the meaning of Section 22(e)(3) of the Code) (a “Total Disability”); 
 (iv) immediately if the Optionee ceases to be employed by any Participating Company if such termination is a termination for cause or is otherwise attributable to a breach by the Optionee of an employment,
noncompetition or other similar agreement with a Participating Company (any such termination, determined in accordance with paragraph (c) below, a “Termination For Cause”); 
 (v) except to the extent permitted by Section 15(a) of the Plan, the date on which the Option or any part thereof or right or
privilege relating thereto is transferred (otherwise than by will or the laws of descent and distribution), assigned, pledged, hypothecated, attached or otherwise disposed of by the Optionee. 
 (b) Any unexercised portion of the Option, which was not exercisable on the date the Optionee ceases to be employed by any Participating Company, shall
terminate at midnight on the date on which such employment ceases. 
 Memry Corporation, 3 Berkshire Boulevard, Bethel, CT 06801 

 

 2. 

 (c) The Board of Directors of the Company shall have the power to determine what constitutes a
Termination For Cause, and the date upon which such Termination For Cause occurs. Any such determination shall be final, conclusive and binding upon the Optionee. 
 (d) Anything contained herein to the contrary notwithstanding, the Option shall not be affected by any change of duties or position of the Optionee (including a transfer to or from any Participating Company), so long
as the Optionee continues to be an employee of a Participating Company. 
 5. Procedure for Exercise. (a) The Option may
be exercised, from time to time, in whole or in part (but for the purchase of whole shares only), by delivery of a written notice (the “Notice”) from the Optionee to the Secretary of the Company, which Notice shall: 
 (i) state that the Optionee elects to exercise the Option; 
 (ii) state the number of shares of Common Stock with respect to which the Option is being exercised (the “Optioned Shares”);

 (iii) state the method of payment for the Optioned Shares pursuant to Section 5(b) hereof; 
 (iv) state the date upon which the Optionee desires to consummate the purchase of the Optioned Shares (which date must be prior to the
termination of such Option and no later than 30 days from the delivery of such Notice); 
 (v) include any representations of
the Optionee required under Section 8(b) hereof; and 
 (vi) if the Option shall be exercised pursuant to Section 10
hereof by any person other than the Optionee, include evidence to the satisfaction of the Committee of the right of such person to exercise the Option. 
 (b) Payment of the Option Price for the Optioned Shares shall be made (i) in cash or by personal or certified check, (ii) by delivery of stock certificates (in negotiable form) representing shares of Common
Stock that have been owned of record by the Optionee for at least six months prior to the date of exercise and that have a Fair Market Value on the date of exercise equal to the product of (A) the number of Optioned Shares which are being
purchased pursuant to the exercise of such Option, multiplied by (B) the applicable Option Price, (iii) a combination of either of the methods set forth in clauses (i) and (ii) above, (iv) (A) by arrangements which are
acceptable to the Committee and as permitted by applicable law whereby the Optionee relinquishes a portion of the Option, or (B) in compliance with any other cashless exercise program authorized by the Committee for use in connection with the
Plan at the time of such exercise, or (v) in such other consideration as shall be acceptable to the Committee. For the purpose of the preceding clause (iv)(A), the fair market value of the portion of the Option 
 Memry Corporation, 3 Berkshire Boulevard, Bethel, CT 06801 
 .

  

 3. 

 
that is relinquished shall be the Fair Market Value at the time of exercise of the number of Optioned Shares subject to the portion of the Option that is
relinquished less the aggregate Option Price specified in the Option with respect to such Optioned Shares. 
 (c) The Company shall issue a
stock certificate in the name of the Optionee (or such other person exercising the Option in accordance with the provisions of Section 10 hereof) for the Optioned Shares as soon as practicable after receipt of the Notice and payment of the
aggregate Option Price for such shares. 
 6. No Rights as a Stockholder. The Optionee shall not have any privileges of a
stockholder of the Company with respect to any Optioned Shares until the date of issuance of a stock certificate pursuant to Section 5(c) hereof. 
 7. Adjustments. In the event of any change in corporate capitalization, such as a stock dividend, stock split or reverse stock split, or an extraordinary corporate transaction, such as a merger,
reorganization, consolidation, recapitalization, spin-off, separation or other distribution of stock or property of the Company, any reorganization (whether or not such reorganization comes within the definition of such term in Section 368 of
the Code), or any partial or complete liquidation of the Company, the Committee shall make such substitution or adjustments to reflect such change or transaction in the number, kind and grant price of shares subject to this Option, and/or otherwise
make such adjustments or changes as is equitable, in each case, as it may determine to be appropriate in its sole discretion; provided, however, that the number of Shares subject to this Option shall always be a whole number.

 8. Additional Provisions Related to Exercise. (a) The Option shall be exercisable only on such date or dates and during
such period and for such number of shares of Common Stock as are set forth in this Agreement. 
 (b) To exercise the Option, the Optionee
shall follow the procedures set forth in Section 5 hereof. Unless at the time of exercise of the Option there shall be, in the opinion of counsel for the Company, a valid and effective registration statement under the Securities Act of 1933
(the “‘33 Act”) and appropriate qualification and registration under applicable state securities laws relating to the Optioned Shares being acquired pursuant to the Option, the Optionee shall be required, upon exercise of the Option,
to give to the Company a written representation, in a form reasonably satisfactory to the Company, that he or she is acquiring the Optioned Shares for his or her own account for investment and not with a view to, or for sale in connection with, the
resale or distribution of any such shares. The Optionee shall be further required to agree that he or she will not sell or transfer any Optioned Shares acquired pursuant to exercise of the Option until he or she requests and receives an opinion of
the Company’s counsel to the effect that such proposed sale or transfer will not result in a violation of the ‘33 Act, or a registration statement covering the sale or transfer of the shares has been declared effective by the Securities
and Exchange Commission, or he or she obtains a no-action letter from the Securities and Exchange Commission with respect to the proposed transfer. 
 Memry Corporation, 3 Berkshire Boulevard, Bethel, CT 06801 
  

 4. 

 (c) Stock certificates representing shares of Common Stock acquired upon the exercise of the Option that
have not been registered under the Securities Act shall bear the following legend: 
 THE SECURITIES REPRESENTED HEREBY HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH
ACT OR AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE COMPANY THAT SUCH SALE, OFFER FOR SALE, PLEDGE, HYPOTHECATION OR OTHER DISPOSITION DOES NOT VIOLATE THE PROVISIONS OF SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 OF SUCH ACT.

 9. No Evidence of Employment or Service. Nothing contained in the Plan or this Agreement shall confer upon the Optionee any
right to continue in the employ of a Participating Company or interfere in any way with the right of a Participating Company (subject to the terms of any separate agreement to the contrary) to terminate the Optionee’s employment or to increase
or decrease the Optionee’s compensation at any time. 
 10. Restriction on Transfer. The Option may not be transferred,
pledged, assigned, hypothecated or otherwise disposed of in any way by the Optionee, except by will or by the laws of descent and distribution or as may otherwise be required by law, and may be exercised during the lifetime of the Optionee only by
the Optionee. If the Optionee dies, the Option shall thereafter be exercisable, during the period specified in Section 4(a)(ii) hereof, by his or her executors or administrators to the full extent to which the Option was exercisable by the
Optionee at the time of his or her death. The Option shall not be subject to execution, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation or other disposition of the Option contrary to the provisions hereof,
and the levy of any execution, attachment or similar process upon the Option, shall be null and void and without effect. 
 11.
Withholding; Taxes. The Committee shall be entitled to require as a condition of delivery of shares of Common Stock in connection with the exercise of an Option that the Optionee remit or, in appropriate cases, agree to remit when due, an
amount sufficient to satisfy all current or estimated future federal, state and local withholding tax and employment tax requirements relating thereto. The Committee may in its discretion permit the minimum statutorily required withholding
obligations be satisfied by having the company withhold a portion of the shares that would otherwise be issued to the Optionee upon exercise of an Option. 
 12. Notices. All notices or other communications which are required or permitted hereunder shall be in writing and sufficient if (i) personally delivered, (ii) sent by nationally recognized
overnight courier or (iii) sent by registered or certified mail, postage prepaid, return receipt requested, addressed as follows: 
 Memry Corporation, 3 Berkshire Boulevard, Bethel, CT 06801 
  

 5. 

 If to the Optionee, to the address set forth on the signature page hereto; and 
 If to the Company, to: 
 Memry Corporation

 3 Berkshire Boulevard 
 Bethel, Connecticut 06801 
 Attention: Secretary 
 or to such other address as the party to whom notice is to be given may have furnished to each other party in writing in accordance herewith. Any such communication shall be deemed to have been given (i) when
delivered, if personally delivered or if sent by nationally recognized overnight courier, and (ii) on the third Business Day (as hereinafter defined) following the date on which the piece of mail containing such communication is posted, if sent
by mail. As used herein, “Business Day” means a day that is not a Saturday, Sunday or a day on which banking institutions in the city to which the notice or communication is to be sent are not required to be open. 
 13. No Waiver. 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 like or different nature. 
 14. Optionee Undertaking. The Optionee hereby agrees to take whatever
additional actions and execute whatever additional documents the Company may in its reasonable judgment deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on the Optionee pursuant to
the express provisions of this Agreement. 
 15. Modification of Rights. The rights of the Optionee are subject to modification
and termination in certain events as provided in this Agreement and the Plan. 
 16. Governing Law. This Agreement shall be
governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts made and to be wholly performed therein. 
 17. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. 
 18. Entire Agreement. This Agreement and the Plan constitute the entire agreement between the parties with respect to the subject matter
hereof, and supersede all previously written or oral negotiations, commitments, representations and agreements with respect thereto. 
 Memry
Corporation, 3 Berkshire Boulevard, Bethel, CT 06801 
  

 6. 

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

			
	MEMRY CORPORATION
		
	By:	 	  

	Name:	 	Robert P. Belcher
	Title:	 	President and Chief Executive Officer
	
	Optionee: «FirstName» «LastName»
		
	Signature:	 	  

	Address:	 	«Address1»
		 	«Address2»
		 	«City», «State» «Zip»

 Memry Corporation, 3 Berkshire Boulevard, Bethel, CT 06801 
  

 7. 

 EXHIBIT A 
 Subject to the terms and limitations specified in this Agreement, one-fourth of the Option issued hereunder shall become exercisable on each of the first four anniversaries of the Grant Date on which the Optionee is
employed by the Company. 
 {00255924; 2; 4626-1} 
 Memry Corporation, 3 Berkshire Boulevard, Bethel, CT 06801

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