0001144204-10-052245 Sample Contracts

SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS
Separation Agreement • October 4th, 2010 • Searchlight Minerals Corp. • Metal mining • Nevada

This Separation Agreement (the “Agreement”) is entered into as of the date of the last signature on the signature page hereof, by and between Ian R. McNeil (“Executive”) and Searchlight Minerals Corp. (“Company”). Company and Executive are each a “Party” and are collectively “Parties” to this Agreement. The Parties agree as a matter of fact that:

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SEARCHLIGHT MINERALS CORP. STOCK OPTION AGREEMENT (Nonqualified Stock Option Grant)
Stock Option Agreement • October 4th, 2010 • Searchlight Minerals Corp. • Metal mining • Nevada

THIS STOCK OPTION AGREEMENT (this “Option Agreement”) is made as of October 1, 2010, by and between SEARCHLIGHT MINERALS CORP., a Nevada corporation (the “Company”), and Martin B. Oring (the “Holder”).

EMPLOYMENT AGREEMENT
Employment Agreement • October 4th, 2010 • Searchlight Minerals Corp. • Metal mining • Nevada

This Employment Agreement (“Agreement”) is entered into and made effective as of October 1, 2010 (the “Effective Date”), by and between. Searchlight Minerals Corp., a Nevada corporation (“Company”) and Martin B. Oring (“Executive”).

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