0001104659-02-006399 Sample Contracts

Lightbridge, Inc. Memorandum Agreement
Memorandum Agreement • November 15th, 2002 • Lightbridge Inc • Radiotelephone communications

You are currently the holder of one or more options to purchase 50,000 shares of Common Stock of Lightbridge, Inc. (the “Company”), par value $.01 per share, with an exercise price equal to $26.50 per share (the “Old Options”). Your Options are listed on Exhibit A by: (i) date of grant, (ii) number of shares originally subject to the option, (iii) exercise price per share, and (iv) type of option (incentive or non-qualified).

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