0001017062-03-000527 Sample Contracts

NEWPORT CORPORATION NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • March 26th, 2003 • Newport Corp • Laboratory apparatus & furniture • California

This Nonqualified Stock Option Agreement (“Agreement”) is made and entered into by and between Newport Corporation, a Nevada corporation (“Company”) and [OPTIONEE NAME] (“Optionee”) as of [GRANT DATE] (the “Grant Date”).

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NEWPORT CORPORATION INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • March 26th, 2003 • Newport Corp • Laboratory apparatus & furniture • California

This Incentive Stock Option Agreement (“Agreement”) is made and entered into by and between Newport Corporation, a Nevada corporation (“Company”) and [OPTIONEE NAME] (“Optionee”) as of [GRANT DATE] (the “Grant Date”).

Re: Sixth Modification to Note Agreement
Note Agreement • March 26th, 2003 • Newport Corp • Laboratory apparatus & furniture

Reference is made to the Note Agreement, dated as of May 2, 1996, by and between NEWPORT CORPORATION, a Nevada corporation (the “Company”), and THE PRUDENTIAL INSURANCE CORPORATION OF AMERICA (“Prudential”) (as the same may have been or may be from time to time amended, modified, supplemented or restated, the “Agreement”). Initially capitalized terms not defined herein shall have the meanings given to such terms in the Agreement.

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