0001193125-05-051040 Sample Contracts

CHARLES & COLVARD, LTD. Employee Nonqualified Stock Option Agreement
Employee Nonqualified Stock Option Agreement • March 15th, 2005 • Charles & Colvard LTD • Jewelry, silverware & plated ware • North Carolina

THIS AGREEMENT (together with Schedule A, attached hereto, the “Agreement”), effective as of the date specified as the Grant Date (the “Grant Date”) on Schedule A, attached hereto, between CHARLES & COLVARD, LTD., a North Carolina corporation (the “Corporation”), and the individual identified on Schedule A, an employee of the Corporation or a related corporation (the “Participant”);

Sample 1
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CHARLES & COLVARD, LTD. Restricted Stock Award Agreement
Restricted Stock Award Agreement • March 15th, 2005 • Charles & Colvard LTD • Jewelry, silverware & plated ware • North Carolina

THIS AGREEMENT (together with Schedule A, attached hereto, the “Agreement”), made the day of , (as defined below, the “Grant Date”), between CHARLES & COLVARD, LTD., a North Carolina corporation (the “Corporation”), and , an Employee of, or individual in service to, the Corporation or a related corporation (the “Participant”);

Sample 1
CHARLES & COLVARD, LTD. Independent Contractor Nonqualified Stock Option Agreement
Independent Contractor Nonqualified Stock Option Agreement • March 15th, 2005 • Charles & Colvard LTD • Jewelry, silverware & plated ware • North Carolina

THIS AGREEMENT (together with Schedule A, attached hereto, the “Agreement”), effective as of the date specified as the Grant Date (the “Grant Date”) on Schedule A, attached hereto, between CHARLES & COLVARD, LTD., a North Carolina corporation (the “Corporation”), and the individual identified on Schedule A, an individual in service to the Corporation or a related corporation (the “Participant”);

Sample 1
CHARLES & COLVARD, LTD. Employee Incentive Stock Option Agreement
Employee Incentive Stock Option Agreement • March 15th, 2005 • Charles & Colvard LTD • Jewelry, silverware & plated ware • North Carolina

THIS AGREEMENT (together with Schedule A, attached hereto, the “Agreement”), effective as of the date specified as the Grant Date (the “Grant Date”) on Schedule A, attached hereto, between CHARLES & COLVARD, LTD., a North Carolina corporation (the “Corporation”), and the individual identified on Schedule A, an employee of the Corporation or a related corporation (the “Participant”);

Sample 1
CHARLES & COLVARD, LTD. Director Nonqualified Stock Option Agreement
Director Nonqualified Stock Option Agreement • March 15th, 2005 • Charles & Colvard LTD • Jewelry, silverware & plated ware • North Carolina

THIS AGREEMENT (together with Schedule A, attached hereto, the “Agreement”), effective as of the date specified as the Grant Date (the “Grant Date”) on Schedule A, attached hereto, between CHARLES & COLVARD, LTD., a North Carolina corporation (the “Corporation”), and the individual identified on Schedule A, a director in service to the Corporation or a related corporation (the “Participant”);

Sample 1
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