Document:

EXHIBIT 10.48

 

AMENDED AND RESTATED

MAXWELL TECHNOLOGIES, INC.

1995 STOCK OPTION PLAN

 

1.                                       Purpose.  The Amended and Restated 1995 Stock Option
Plan (the “Plan”) is intended to advance the interests of Maxwell Technologies,
Inc. (the “Company”), its shareholders and its subsidiaries by encouraging and
enabling selected key employees (including officers and directors), consultants
and advisors of the Company and its Subsidiaries upon whose judgment,
initiative and effort the Company is largely dependent for the successful
conduct of its business to acquire and retain a proprietary interest in the
Company by ownership of its stock.  It
is intended that the Plan provide the flexibility for the issuance of Options
(as hereinafter defined) which qualify as incentive stock options (“incentive
stock options”) within the meaning of Section 422 of the Internal Revenue Code
of 1986, as amended (the “Code”) and options which do not so qualify
(“non-qualified stock options”).  Incentive
stock options may only be granted to an employee of the Company or any
Subsidiary.

 

2.                                       Definitions

 

(a)                                  “Agreement”
means the agreement between the Company and the optionee under which an Option
is granted, and setting forth the terms and conditions of the option and the
optionee’s rights thereunder.

 

(b)                                 “Board”
means the Board of Directors of the Company.

 

(c)                                  “Committee”
means, if there shall be a Stock Option Committee (the members of which shall
be appointed by the Board from among the directors of the Company who shall
satisfy applicable requirements for exemption under Section 16(b) of the
Securities Exchange Act of 1934, as amended, and for qualification under
Section 162(m) of the Internal Revenue Code of 1986) to which the Board has
delegated the authority to administer the Plan, said Stock Option Committee; or
if there shall not then be a Stock Option Committee of the Board having such
delegated authority, or satisfying the requirements for said Section 16(b)
exemption or said Section 162(m) qualification, “Committee” means the Board.

 

(d)                                 “Common
Stock” means the Company’s common stock.

 

(e)                                  “Date
of Grant” means the date on which an Option under the Plan is approved by the
Committee.

 

(f)                                    “Option”
means an option granted under the Plan.

 

(g)                                 “Optionee”
means a person to whom an Option, which has not expired, has been granted under
the Plan.

 

(h)                                 “Subsidiary”
or “Subsidiaries” means a subsidiary corporation or corporations of the Company
as defined in Section 424 of the Code.

 

(i)                                     “Successor”
means the legal representative of the estate of the deceased Optionee or the
person or persons who acquire the right to exercise an Option by bequest or
inheritance or by reason of the death of any Optionee.

 

3.                                       Administration
of the Plan.  The Plan shall be
administered by the Committee.  No Option
may be granted to a person who is then a member of the Committee.  The Committee shall have full and final
authority in its discretion, subject to the provisions of the Plan, to
determine the number of shares and purchase price of Common Stock covered by
each Option, the individuals to whom and the time or times at which Options
shall be granted and the nature of each Option granted under the Plan, i.e.,
whether the Option will be an incentive stock option or a non-qualified stock
option; to construe and interpret the Plan; to determine the terms and
provisions of the respective Agreements, which need not be identical,
including, but without limitation, terms covering the payment of the option
price, and to make all other determinations and take all other actions deemed
necessary or advisable for the proper administration of the Plan.  All such actions and determinations of the
Committee shall be conclusively binding for all purposes and upon all persons.

 

4.                                       Common
Stock Subject to Options.  Unless
amended in accordance with the provisions of Paragraph 11, and subject to
adjustment under the provisions of Paragraph 7, the aggregate number of shares
of the Company’s Common Stock which may be subject to Options granted under the
Plan shall not exceed 1,990,000.  The
shares of Common Stock to be issued upon the exercise of Options may be
authorized but unissued shares, shares issued and reacquired by the Company or
shares bought on the market for the purposes of the Plan.  In the event any Option shall, for any
reason, terminate or expire or be surrendered without having been exercised in
full, the shares subject to such Option but not purchased thereunder shall
again be available for Options to be granted under the Plan.

 

 

5.                                       Participants.  Options may be granted under the Plan to any
person who, in the opinion of the Committee, is a key employee, consultant or
advisor of the Company or any Subsidiary, or any person who has been hired by
the Company or any Subsidiary and who the Committee determines will become a
key employee upon formal commencement of employment.

 

6.                                       Terms
and Conditions of Options.  Any
Option granted under the Plan shall be evidenced by an Agreement executed by
the Company and the Optionee and shall contain such terms and be in such form
as the Committee may from time to time approve, subject to the following
limitations and conditions:

 

(a)                                  Option
Price.  The option price per share
with respect to each Option shall be determined by the Committee but shall in
no instance be less than 100% of the fair market value of a share of the Common
Stock on the Date of Grant, provided that with respect to an Optionee who owns,
at the time of grant of an Option which is an incentive stock option, more than
ten percent of the total combined voting power of all classes of stock of the
Company, the option price per share of such Option shall be at least 110% of
the fair market value of the underlying shares.  For the purposes hereof, fair market value shall be as determined
by the Committee and such determination shall be binding upon the Company and
upon the Optionee.  The Committee may
make such determination (i) in case the Common Stock shall not then be listed
and traded upon a recognized securities exchange, upon the basis of the mean
between the closing bid and asked quotations for such stock (or the closing
selling price for such stock, if applicable) on the Date of Grant (as reported
by a newspaper of general circulation or a recognized stock quotation service)
or, in the event that there shall be no bid or asked quotations (or reported
closing selling price) on the Date of Grant, then upon the basis of the mean
between the closing bid and asked quotations (or the closing selling price, as
the case may be,) on the date nearest preceding the Date of Grant or (ii) in
case the Common Stock shall then be listed and traded upon a recognized
securities exchange upon the basis of the closing selling price at which shares
of the Common Stock were traded on such recognized securities exchange on the
Date of Grant or, if the Common Stock was not traded on said date, upon the
basis of the closing selling price on the date nearest preceding the Date of
Grant, and (iii) upon any other factors which the Committee shall deem
appropriate.

 

(b)                                 Period
of Option.  Except for earlier
termination as provided in Subparagraphs (g) and (h) of this Paragraph 6, and
in Subparagraph (b) of Paragraph 7, the expiration date of each Option shall be
fixed by the Committee, but, notwithstanding any provision of the Plan to the
contrary, (i) with respect to an incentive stock option, such expiration date
shall not be more than ten years from the Date of Grant or, with respect to
incentive stock options granted to an employee who owns more than ten percent
of the outstanding stock of the Company, not more than five years from the Date
of Grant, and (ii) with respect to a non-qualified stock option, such
expiration date shall not be more than eleven years from the Date of Grant.

 

(c)                                  Vesting
of Shareholder Rights.  Neither an
Optionee nor any successor shall have any of the rights of a shareholder of the
Company until the Option with respect to the applicable shares shall have been
duly exercised and the certificate evidencing such shares delivered to such
Optionee or any successor.

 

(d)                                 Exercise
of Option.  Each Option shall be
exercisable in such amounts and at such respective dates prior to the
expiration of the Option as provided in the Agreement.

 

(e)                                  Payment
of Option Price.  Upon exercise of
an Option, Optionee or Successor shall pay the option price by delivering to
the Company:

 

(i)                                     cash
or a check payable to the Company in an amount equal to the option price;

 

(ii)                                  a
stock certificate or certificates, duly endorsed for transfer to the Company,
representing shares of Common Stock of the Company owned by the Optionee or
Successor which have a fair market value on the date of exercise equal to the
option price; or

 

(iii)                               cash
or a check payable to the Company and a stock certificate or certificates, duly
endorsed for transfer to the Company, representing shares of Common Stock owned
by the Optionee or Successor, which, when added to the amount of the cash or
check, have a fair market value on the date of exercise equal to the option
price.

 

For the
purposes hereof, fair market value shall be determined by the Committee and
such determination shall be binding upon the Company and upon the Optionee or
Successor.  The Committee may make such
determination in accordance with Paragraphs 6(a)(i) and 6(a)(ii) hereof by
substituting “date of exercise” for “Date of Grant” each time the latter
appears therein and upon any other factors which the Committee shall deem
appropriate.

 

(f)                                    Non-Transferability
of Option.  No Option shall be
transferable or assignable by an Optionee, otherwise than by will or the laws
of descent and distribution and each Option shall be exercisable during the
Optionee’s lifetime only by the Optionee. 
No Option shall be pledged or hypothecated in any way and no Option
shall be subject to execution, attachment or similar process.

 

2

 

(g)                                 Termination
of Employment.  Upon termination of
an Optionee’s employment or in the case of a consultant or advisor, consulting
or advisory arrangement, with the Company and its Subsidiaries other than by
reason of the death of the Optionee, the Option privileges of such Optionee
shall be limited to the shares which were immediately purchasable by him at the
date of such termination and such Option privilege shall expire unless
exercised by him within sixty (60) days after the date of such
termination.  The granting of an Option
to any person shall not alter in any way the Company’s or the Subsidiary’s
right to terminate such person’s employment or in the case of a consultant or
advisor, consulting or advisory arrangement, as the case may be, with the
Company or any Subsidiary at any time for any reason, nor shall it confer upon
the Optionee any rights or privileges except as specifically provided for in
the Plan.  Notwithstanding anything in
this Plan to the contrary, the Option privileges of an Optionee shall not
expire by reason of the termination of the Optionee’s employment, and such
Options shall continue to become exercisable in accordance with the terms of
the Agreement related thereto, if the Optionee continues to serve as a member
of the Board or, at the request of the Company, the board of directors of any
Subsidiary.  Upon the termination of
Optionee’s service as a member of the Board or the board of directors of any
Subsidiary, such Option privileges shall expire unless exercised by the
Optionee within sixty (60) days after such termination.

 

(h)                                 Death
of Optionee.  If an Optionee dies
while an employee, consultant or advisor of the Company or any Subsidiary, the
option privileges of said Optionee shall be limited to the shares which were
immediately purchasable by such Optionee at the date of death and such option
privileges shall expire unless exercised by said Optionee’s successor within
one (1) year after the date of death.

 

(i)                                     Maximum
Number of Shares.  The maximum
number of shares of Common Stock that may be subject to options granted to any
one eligible individual is the total number of shares authorized for grant of
options under Paragraph 4 of the Plan.

7.                                       Adjustments.

 

(a)                                  In
the event that the outstanding shares of Common Stock of the Company are
hereafter increased or decreased or changed into or exchanged for a different
number or kind of shares or other securities of the Company or of another
corporation, by reason of a recapitalization, reclassification, stock split-up,
combination of shares, dividend or other distribution payable in capital stock,
appropriate adjustment shall be made by the Board in the number, kind and
exercise price of shares for the purchase of which Options have theretofore
been or may thereafter be granted under the Plan.

 

(b)                                 In
the event that the Company shall determine to merge, consolidate or enter into
any other reorganization with or into any other corporation, or in the event of
any dissolution or liquidation of the Company, then in any such event, at the
election of the Board, (i) appropriate adjustment shall be made by the Board in
the number, kind and exercise price of shares for the purchase of which Options
have theretofore been and/or may thereafter be granted under the Plan, or (ii)
the Plan and any Options theretofore granted under the Plan shall terminate as
of the date of such merger, consolidation, reorganization, dissolution or
liquidation, provided that written notice of such event shall have been given
to each Optionee not less than 30 days prior to the date of such event.  Upon any election by the Board pursuant to
the provisions of clause (ii) of this Subparagraph (b), each Optionee shall have
the right during the period commencing on the date the notice referred to in
said clause (ii) is given and concluding on the date of such merger,
consolidation, reorganization, dissolution or liquidation, as the case may be,
to exercise such Optionee’s outstanding and unexercised Options, including
shares as to which such Options would not otherwise have been exercisable by
reason of an insufficient lapse of time.

 

(c)                                  All
adjustments and determinations under this Paragraph 7 shall be made by the
Board, whose decisions as to what adjustments or determinations shall be made,
and the extent thereof, shall be final, binding and conclusive.

 

8.                                       Dollar
Limitation on Incentive Stock Options. 
To the extent that the aggregate fair market value (determined as of the
Date of Grant) of Common Stock with respect to which Options intended to be
incentive stock options first become exercisable by an Optionee during any
calendar year (under the Plan and all other stock option plans of the Company
or any subsidiary) exceeds $100,000, such Options shall not be considered
incentive stock options.  Such $100,000
limit shall be applied by taking Options into account in the order in which
they were granted.

 

9.                                       Restrictions
on Issuing Shares.  The exercise of
each Option shall be subject to the condition that if at any time the Company
shall determine in is discretion that (i) the satisfaction of withholding tax
or other withholding liabilities, or (ii) the listing, registration or
qualification of any shares otherwise deliverable upon such exercise upon any
securities exchange or under any state or federal law, or (iii) the consent or
approval of any regulatory body, or (iv) the perfection of any exemption from
any such withholding, listing, registration, qualification, consent or approval
is necessary or desirable as a condition of, or in connection with, such
exercise or the issuance, delivery or purchase of shares thereunder, then in
any such event, such exercise shall not be effective unless such withholding,
listing registration, qualification, consent, approval or exemption shall have
been effected, obtained or perfected free of any conditions not acceptable to
the Company.

 

3

 

10.                                 Use
of Proceeds.  The proceeds received
by the Company from the sale of its Common Stock pursuant to the exercise of
Options granted under the Plan shall be added to the Company’s general funds
and used for general corporate purposes.

 

11.                                 Amendment,
Suspension and Termination of the Plan. 
The Board may at any time suspend or terminate the Plan or may amend it
from time to time in such respects as the Board may deem advisable in order
that the Options granted thereunder may conform to any changes in the law or in
any other respect which the Board may deem to be in the best interests of the Company;
provided, however, that without approval by the shareholders of the Company, no
such amendment shall (a) except pursuant to Paragraph 7, increase the maximum
number of shares for which Options may be granted under the Plan, (b) change
the provisions of Subparagraph (a) of Paragraph 6 relating to the establishment
of the Option price, (c) change the provisions of Subparagraph (b) of Paragraph
6 relating to the expiration date of each option or (d) change the provisions
of the second sentence of this Paragraph 11 relating to the term of this
Plan.  Unless the Plan shall theretofore
have been terminated by the Board or as provided in Paragraph 12, the Plan
shall terminate ten (10) years after the effective date of the Plan.  No Option may be granted during any
suspension or after the termination of the Plan.  Except as otherwise provided in the Plan, no amendment,
suspension or termination of the Plan shall, without an Optionee’s consent,
alter or impair any of the rights or obligations under any Option theretofore
granted to such Optionee under the Plan.

 

12.                                 Effective
Date of the Plan and Shareholder Approval. 
The effective date of the Plan shall be the date of its approval by the
Board of Directors of the Company; provided, however, that in the event that
shareholder approval of the Plan is not secured on or before October 24, 1996,
the Plan shall thereupon terminate.  Any
Options granted prior to the aforesaid shareholder approval being secured shall
be subject to such approval being secured.

 

4Exhibit
10.49

SEPARATION AGREEMENT AND
GENERAL

RELEASE OF ALL CLAIMS

 

                                This
Separation Agreement and General Release of All Claims (“Agreement”) is made by
and between Kenneth Potashner (“Director”) on the one hand, and Maxwell Technologies, Inc. (“the Company”)
on the other.  (Collectively, Director
and the Company shall be referred to as “the Parties.”)

 

1.             Director has served as an employee of the Company and as
a member of the Board of Directors of the Company. As of May 8, 2003 (the
“Effective Date”), Director served only as a member of the Board of Directors
of the Company, and on such date resigned from the Company Board of
Directors.  From the Effective Date
until May 8, 2007 (the “End Date”), Director will be available from time to
time as reasonably requested for consultation with the Chief Executive Officer
of the Company regarding the Company’s business operations.  The Company is prepared to provide Director
the benefits provided herein in exchange for such consulting services and the
other terms and conditions of this Agreement, and the Director is prepared to
enter into this Agreement in exchange for such benefits.  This Agreement will also resolve any and all
differences related to Director’s prior employment with the Company and service
as a member of the Board of Directors and/or the cessation of that employment
and service and any known or unknown claims between the Parties.  For these reasons, the Parties have entered
into this Agreement.

2.             In
consideration of Director’s consulting services and other agreements under this
Agreement, Director shall receive fully vested stock options to purchase 94,251
shares of the Company’s common stock at $6.18 per share.   Such stock options will be issued pursuant
to the standard terms and conditions of the 1995 Stock Option Plan and the
related grant agreement (other than a vesting schedule which will not
apply).  In accordance with the terms of
the 1995 Stock Option Plan and the agreement covering such stock options,
Director will have a 60-day period following the End Date to exercise any such
options or they will expire. Director hereby acknowledges and agrees that,
except for the stock options granted pursuant to this paragraph 2, Director has
surrendered (and has no rights to) any and all other stock options to purchase
shares of stock of the Company or any of its subsidiaries.

3.             In
consideration of and in return for the promises and covenants undertaken herein
by the Company, including the grant of the stock options under paragraph 2
herein, and for other good and valuable consideration, receipt of which is
hereby acknowledged, Director does hereby acknowledge full and complete
satisfaction of and does hereby release, absolve and discharge the Company and
the Company’s parents, subsidiaries, affiliates, employees, related companies
and business concerns, past and present, and each of them, as well as each of
their partners, trustees,

 

 

1

 

directors, officers,
agents, attorneys, servants and employees, past and present, and each of them
(hereinafter collectively referred to as “Releasees”) from any and all claims,
demands, liens, agreements, contracts, covenants, actions, suits, causes of
action, grievances, wages, vacation payments, severance payments, obligations,
commissions, overtime payments, debts, expenses, damages, judgments, orders and
liabilities of whatever kind or nature in state or federal law, equity or
otherwise, whether known or unknown to Director which Director now owns or
holds or has at any time owned or held as against Releasees, or any of them,
including specifically but not exclusively and without limiting the generality
of the foregoing, any and all claims, demands, grievances, agreements,
obligations and causes of action, known or unknown, suspected or unsuspected by
Director:  (1) arising out of Director’s
prior employment with the Company or service as a member of the Board of
Directors or the ending of that employment and service; or (2) arising out of
or in any way connected with any claim, loss, damage or injury whatever, known
or unknown, suspected or unsuspected, resulting from any act or omission by or
on the part of the Releasees, or any of them, committed or omitted on or before
the Effective Date.  Also without
limiting the generality of the foregoing, Director specifically releases the
Releasees from any claim for attorneys’ fees and/or costs of suit.  DIRECTOR SPECIFICALLY AGREES AND
ACKNOWLEDGES DIRECTOR IS WAIVING ANY RIGHT TO RECOVERY BASED ON STATE OR
FEDERAL AGE, SEX, PREGNANCY, RACE, COLOR, NATIONAL ORIGIN, MARITAL STATUS,
RELIGION, VETERAN STATUS, DISABILITY, SEXUAL ORIENTATION, MEDICAL CONDITION, OR
OTHER ANTI-DISCRIMINATION LAWS, INCLUDING, WITHOUT LIMITATION, TITLE VII OF THE
CIVIL RIGHTS ACT OF 1964, THE AGE DISCRIMINATION IN EMPLOYMENT ACT, THE
AMERICANS WITH DISABILITIES ACT AND THE CALIFORNIA FAIR EMPLOYMENT AND HOUSING
ACT, OR BASED ON THE DIRECTOR RETIREMENT INCOME SECURITY ACT, ALL AS AMENDED,
WHETHER SUCH CLAIM BE BASED UPON AN ACTION FILED BY DIRECTOR OR BY A
GOVERNMENTAL AGENCY.

4.             It
is the intention of Director in executing this Agreement that it shall be
effective as a bar to each and every claim, demand, grievance and cause of
action hereinabove specified.  In
furtherance of this intention, Director hereby expressly waives any and all
rights and benefits conferred upon Director by the provisions of Section 1542
of the California Civil Code and expressly consents that this Agreement shall
be given full force and effect according to each and all of its express terms
and provisions, including those relating to unknown and unsuspected claims,
demands and causes of action, if any, as well as those relating to any other
claims, demands and causes of action hereinabove specified.  Section 1542 provides:

 

2

 

                                “A
general release does not extend to claims which the creditor does not know or
suspect to exist in his favor at the time of executing the release, which if
known by him must have materially affected his settlement with the debtor.”

 

                                Having
been so apprised, Director nevertheless hereby voluntarily elects to and does
waive the rights described in Civil Code Section 1542 and elects to assume all
risks for claims that now exist in Director’s favor, known or unknown, that are
released under this Agreement.

 

5.             The
Company expressly denies any violation of any federal, state or local statute,
ordinance, rule, regulation, policy, order or other law.    Nothing contained herein is to be
construed as an admission of liability on the part of the parties hereby
released, or any of them, by whom liability is expressly denied.  Accordingly, while this Agreement resolves
all issues regarding the Company referenced herein, it does not constitute an
adjudication or finding on the merits of any allegations and it is not, and
shall not be construed as, an admission by the Company of any violation of
federal, state or local statute, ordinance, rule, regulation, policy, order or
other law, or of any liability. 
Moreover, neither this Agreement nor anything in it shall be construed
to be or shall be admissible in any proceeding as evidence of or an admission
by the Company of any violation of any federal, state or local statute,
ordinance, rule, regulation, policy, order or other law, or of any
liability.  This Agreement may be
introduced, however, in any proceeding to enforce the Agreement.

6.             Without
regard to any other provision of this Agreement, Company acknowledges and
agrees that this Agreement shall not reduce or terminate Director’s rights to
indemnification, defense, exoneration, and to be held harmless from any claims
or actions now pending or brought against him at any time in the future with
regard to Director’s activities as an employee, officer or director of the Company
or any affiliate of the Company or as the designee or nominee of the Company or
any affiliate of the Company, to the extent such rights are created by law, by
the charter documents or bylaws of the Company or by any resolutions of the
shareholders or board of directors of the Company or any committee thereof, or
pursuant to any directors and officers insurance policy or errors and omissions
insurance policy or other liability insurance policy or program covering the
Company, any of its affiliates, or any of its officers, directors, employees or
agents (except for any such reduction or termination that is applicable
generally to the officers, directors, employees or agents of the Company).  Company further agrees not to reduce,
terminate, non renew or rescind any such insurance or indemnification rights,
policies or programs with regard to Director except for any such reduction,
termination, non renewal or rescission that is applicable generally to the
officers, directors, employees or agents of the Company.

 

3

 

7.             Director
acknowledges that during Director’s prior employment and service as a member of
the Board of Directors, Director had access to trade secrets and confidential
information about the Company, including but not limited to the Company’s
products and services, research and development of new products and services,
customers, and methods of doing business. 
Director agrees that Director shall not disclose any information
constituting the trade secrets or confidential information of the Company or
its customers that has not been disclosed to the general public prior to that
time.

8.             Each
party expressly agrees that such party will not in any way disparage or
otherwise cause to be published or disseminated any negative statements,
remarks, comments or information regarding the other party.

9.             This
Agreement shall be construed in accordance with, and be deemed governed by, the
laws of the State of California.

10.           The
Parties hereto acknowledge each has read this Agreement, that each fully
understands its rights, privileges and duties under the Agreement, and that
each enters this Agreement freely and voluntarily.  Each party further acknowledges each has had the opportunity to
consult with an attorney of its choice to explain the terms of this Agreement
and the consequences of signing it.

11.           Within
three calendar days of signing and dating this Agreement, Director shall
deliver the executed original of the Agreement to Richard Balanson, Chief
Executive Officer, Maxwell Technologies, Inc., 9244 Balboa Avenue, San Diego,
California  92123.  However, Director acknowledges that Director
may revoke this Agreement for up to seven (7) calendar days following
Director’s execution of this Agreement and that it shall not become effective
or enforceable until the revocation period has expired.  Director acknowledges that such revocation
must be in writing addressed to Richard Balanson, Chief Executive Officer,
Maxwell Technologies, Inc., 9244 Balboa Avenue, San Diego, California  92123, and received not later than midnight
on the seventh day following execution of this Agreement by Director.  If Director revokes this Agreement under this
paragraph, the Agreement shall not be effective or enforceable and Director will
not receive the benefits described in paragraph 2 above.

12.           If
Director does not revoke this Agreement in the time frame specified in the
preceding paragraph, the Agreement shall be effective at 12:01 a.m. on the
eighth day after it is signed by Director.

13.           If
litigation or any other legal proceeding is instituted to interpret or enforce
this Agreement, the prevailing party in that litigation or other legal
proceeding shall be entitled to reasonable attorneys’ fees and costs in
addition to any other relief granted.

 

4

 

 

I have read the foregoing Separation Agreement and
General Release of All Claims and I accept and agree to the provisions
contained therein and hereby execute it voluntarily and with full understanding
of its consequences.

 

PLEASE READ
CAREFULLY.  THIS AGREEMENT

CONTAINS A GENERAL
RELEASE OF ALL KNOWN AND

UNKNOWN CLAIMS.

 

 

Date:  May 23, 2003

 

	
   

  	
   

  
	
  /s/ Kenneth Potashner

  	
   

  
	
  Kenneth Potashner

  	
   

  
	
   

  	
   

  

 

 

Date:  May 21, 2003

 

Maxwell Technologies, Inc.

 

	
   

  	
  By:

  	
  /s/ Richard Balanson

  
	
   

  	
   

  	
  Richard Balanson

  
	
   

  	
   

  	
  Chief Executive Officer

  

 

 

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]