0001362310-07-002484 Sample Contracts

NEUTRON ENTERPRISES, INC. FORM OF NONQUALIFIED STOCK OPTION AGREEMENT UNDER THE NEUTRON ENTERPRISES, INC. 2007 STOCK INCENTIVE PLAN
Nonqualified Stock Option Agreement • October 18th, 2007 • Neutron Enterprises Inc • Services-business services, nec • Nevada

This Agreement is made as of the date set forth on Schedule A hereto (the “Grant Date”) by and between Neutron Enterprises, Inc. (the “Company”), and the person named on Schedule A hereto (the “Optionee”).

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Contract
Neutron Enterprises Inc • October 18th, 2007 • Services-business services, nec

We hereby confirm that the Employment Agreement dated June 26, 2006 between yourself and Neutron Enterprises, Inc. is amended, effective October 1, 2007, such that you will receive from Neutron Enterprises Inc. and/or any of its subsidiaries, in addition to any other remuneration and entitlement payable to you pursuant to the said agreement, an annual salary in the amount of THREE HUNDRED THOUSAND DOLLARS ($300,000.00 CDN), payable on a semi-monthly basis, from which shall be deducted all appropriate deductions at source.

NEUTRON ENTERPRISES, INC. FORM OF NONQUALIFIED STOCK OPTION AGREEMENT UNDER THE NEUTRON ENTERPRISES, INC. 2007 STOCK INCENTIVE PLAN
Nonqualified Stock Option Agreement • October 18th, 2007 • Neutron Enterprises Inc • Services-business services, nec • Nevada

This Agreement is made as of the date set forth on Schedule A hereto (the “Grant Date”) by and between Neutron Enterprises, Inc. (the “Company”), and the person named on Schedule A hereto (the “Optionee”).

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