0001193125-11-149322 Sample Contracts

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • May 24th, 2011 • Nobel Learning Communities Inc • Services-educational services • Delaware

THIS OPTION CANCELLATION AGREEMENT (this “Agreement”) is made as of May 18, 2011, by and between the undersigned (the “Option Holder”) and Nobel Learning Communities, Inc., a Delaware corporation (the “Company”). Capitalized terms used herein but not otherwise defined shall have the meaning ascribed to them in the Merger Agreement (as defined below).

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OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • May 24th, 2011 • Nobel Learning Communities Inc • Services-educational services • Delaware

THIS OPTION CANCELLATION AGREEMENT (this “Agreement”) is made as of May 18, 2011, by and between the undersigned (the “Option Holder”) and Nobel Learning Communities, Inc., a Delaware corporation (the “Company”). Capitalized terms used herein but not otherwise defined shall have the meaning ascribed to them in the Merger Agreement (as defined below).

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