LIQUIDMETAL TECHNOLOGIES, INC.
THIS INDEMNITY AGREEMENT ("Agreement") is made and entered into as of this 21st day of May, 2003,
by and between LIQUIDMETAL TECHNOLOGIES, INC., a Delaware corporation ("Company"), and
______________________, a director and/or officer of the Company or an Affiliate ("Executive").
A. WHEREAS, the Company and the Executive recognize that the vagaries of public policy and the
interpretation of, among other things, Delaware General Corporation Law Section 145, court opinions and the
Company's certificate of incorporation and bylaws are often ambiguous, conflicting and/or uncertain and,
therefore, fail to provide the Company's directors and/or officers (collectively, "executive(s)") with adequate or
reliable advance knowledge or guidance with respect to the legal risks and potential liabilities to which they may
become personally exposed as a result of performing their duties for the Company or by reason of their status as
B. WHEREAS, the Company and the Executive are aware of the substantial growth in the number of lawsuits
filed against corporate directors and/or officers in connection with their activities in such capacities and by reason
of their status as such and, in particular, those lawsuits appearing to be promoted by attorneys who seem to
encourage and specialize in the filing of such lawsuits for the main purpose of seeking a settlement thereof in order
to personally collect attorneys' fees rather than attempting to obtain an equitable resolution of such litigation that
would ultimately be in the interests of the stockholders of such corporation.
C. WHEREAS, the Company and the Executive recognize that the cost of defending against such lawsuits,
whether or not meritorious, is typically well beyond the financial resources of most executives.
D. WHEREAS, the Company and the Executive recognize that the legal risks and potential liabilities, and the
very threat thereof, associated with l