0001104659-07-059829 Sample Contracts

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • August 8th, 2007 • Particle Drilling Technologies Inc/Nv • Oil & gas field services, nec • Nevada

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is made as of the 7th day of August, 2007, between PARTICLE DRILLING TECHNOLOGIES, INC., a Nevada corporation (the “Company”), and JIM B. TERRY (“Employee”).

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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • August 8th, 2007 • Particle Drilling Technologies Inc/Nv • Oil & gas field services, nec

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“First Amendment”) is entered into by and between Particle Drilling Technologies, Inc., a Nevada corporation (“Company”), and Jim B. Terry (“Executive”) as of August 7, 2007.

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