Amendment to Settlement Agreement and Release with Kreuzfeld Ltd., dated August 19, 2008
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EX-10.2 4 matechexh10_2.htm MATECH CORP. 10Q, AMENDMENT TO SETTLEMENT AGREEMENT AND RELEASE matechexh10_2.htm
Exhibit 10.2
AMENDMENT TO THE SETTLEMENT AGREEMENT AND RELEASE
THIS AMENDMENT TO THE SETTLEMENT AGREEMENT AND RELEASE ("Agreement"), dated as of August 19, 2008, is by and among Material Technologies, Inc., a Delaware corporation ("MaTech") and Kreuzfeld Ltd., ("Kreuzfeld") (Kreuzfeld shall be referred to as, the "Claimant") (individually, a "Party").
RECITALS
NOW THEREFORE, in consideration of the promises and respective mutual agreements herein contained, it is agreed by and between the Parties hereto as follows:
1.8 MaTech hereby agrees to issue to Kreuzfeld warrants to purchase 5,000,000 shares of MaTech common stock at $0.20 per share (together with the Kreuzfeld warrants, the "Warrants");
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement, as of the date first written hereinabove.
| MATERIAL TECHNOLOGIES, INC., a Delaware corporation | KREUZFELD LTD., a Swiss corporation | |||
| | /s/ Markus Winkler | |||
| By: Robert M. Bernstein | By: Markus Winkler Its: Sole Officer | |||
| Its: Chief Executive Officer | Its: Sole Officer |
[AMENDMENT TO SETTLEMENT AGREEMENT AND RELEASE SIGNATURE PACE]
