0001104659-12-082539 Sample Contracts

Date this agreement provided to Joseph Lancia: November 30, 2012 AGREEMENT OF SEPARATION, WAIVER, AND RELEASE
Qualified Stock Option Grant Agreement • December 7th, 2012 • Scio Diamond Technology Corp • Forestry • South Carolina

WHEREAS, Joseph Lancia (hereinafter the “Employee”) has been employed by Scio Diamond Technology Corporation (hereinafter the “Company”) as President and CEO, pursuant to that Amended and Restated Offer of Employment Effective as of November 29, 2011 (the “Employment Agreement”); and

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Date this agreement provided to Charles Nichols: November 30, 2012 AGREEMENT OF SEPARATION, WAIVER, AND MUTUAL RELEASE
Qualified Stock Option Grant Agreement • December 7th, 2012 • Scio Diamond Technology Corp • Forestry • South Carolina

WHEREAS, Charles Nichols (hereinafter the “Employee”) has been employed by Scio Diamond Technology Corporation (hereinafter the “Company”) as Chief Financial Officer, pursuant to that Amended and Restated Offer of Employment Effective as of November 30, 2011 (the “Employment Agreement”); and

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