0001144204-09-061486 Sample Contracts

AMENDED AND RESTATED EMPLOYMENT AGREEMENT (Bradley M. Colby)
Employment Agreement • November 23rd, 2009 • Eternal Energy Corp. • Metal mining • Colorado

This Amended and Restated Employment Agreement (the “Agreement”) is made and entered into by and between Eternal Energy Corp. (the “Company”) and Bradley M. Colby (“Executive”), on the 1st day of November, 2009 (the “Effective Date”). In consideration of the mutual promises, covenants and conditions hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which the parties acknowledge, the parties agree as follows:

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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (Kirk Stingley)
Employment Agreement • November 23rd, 2009 • Eternal Energy Corp. • Metal mining

This First Amendment (this “Amendment”) to the Employment Agreement dated effective as of the 2nd day of June, 2008 (the “Employment Agreement”) is effective as of the 30th day of October, 2009 (the “Effective Date”). This Amendment is by and between Eternal Energy Corp. (the “Company”) and Kirk Stingley (“Executive”). The Company and Executive are all of the parties to the Employment Agreement. This Amendment is made pursuant to the terms of the Section entitled “Amendment and Waiver” of the Paragraph in the Employment Agreement entitled “Miscellaneous.” Capitalized terms not defined in this Amendment shall have the meaning given such terms in the Employment Agreement.

FIRST AMENDMENT TO THE AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Craig Phelps)
Employment Agreement • November 23rd, 2009 • Eternal Energy Corp. • Metal mining

This First Amendment (this “Amendment”) to the Amended and Restated Employment Agreement dated effective as of the 1st day of August, 2007, “the “Employment Agreement”) is effective as of the 31st day of July, 2009, (the “Effective Date”). This Amendment is by and between Eternal Energy Corp. (the “Company”) and Craig H. Phelps (“Executive”). The Company and Executive are all of the parties to the Employment Agreement. This Amendment is made pursuant to the terms of the Section entitled “Amendment and Waiver” of the Paragraph in the Employment Agreement entitled “Miscellaneous.” Capitalized terms not defined in this Amendment shall have the meaning given such terms in the Employment Agreement.

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