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Exhibit 10.3

AMENDMENT
TO THE
LIGHTBRIDGE CORPORATION
2015 EQUITY INCENTIVE PLAN

THIS AMENDMENT is made as of November 20, 2015, by Lightbridge Corporation, a
Nevada corporation (the “Company”).

WHEREAS, the Company has heretofore established and maintains the Lightbridge
Corporation 2015 Equity Incentive Plan (the “Plan”);

WHEREAS, pursuant to Section 13 of the Plan, the Board of Directors has the
authority to amend the Plan; and

WHEREAS, after determining that it is in the best interests of the Company and
its stockholders, the Compensation Committee of the Board of Directors approved,
and the Board of Directors ratified and approved, an amendment to Section 4.3 of
the Plan to increase the individual limit for awards thereunder.

NOW, THEREFORE, BE IT RESOLVED, that the Plan is hereby amended by restating
Section 4.3 of the Plan in its entirety, effective immediately as follows:

“4.3 Subject to adjustment in accordance with Section 11, no Participant shall
be granted, during any one (1) year period, Options to purchase Common Stock and
Stock Appreciation Rights with respect to more than one million five hundred
thousand (1,500,000) shares of Common Stock in the aggregate or any other Awards
with respect to more than one million five hundred thousand (1,500,000) shares
of Common Stock in the aggregate. If an Award is to be settled in cash, the
number of shares of Common Stock on which the Award is based shall count toward
the individual share limit set forth in this Section 4.”

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