Lightbridge Corp.: Exhibit 10.27 - Filed by newsfilecorp.com






Exhibit 10.27


CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF
  THIS EXHIBIT. THE REDACTIONS ARE INDICATED WITH “*[REDACTED]*”. A COMPLETE
  VERSION OF THIS EXHBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE
  COMMISSION. 

SCHEDULE 1 — SERVICE ORDER 

SUBCONTRACTED SERVICES AGREEMENT ORDER FORM LLOYDS REGISTER
ASIA (LR) 

	Supplier company name 	LIGHTBRIDGE CORPORATION (Lightbridge) 
	 	 
	Supplier address and contact details 	1600 Tysons Boulevard, Suite 550, McLean, VA,
    
	  	22102, USA 
	 	 
	Date of Subcontracted Services Agreement 	12 October 2013 
	 	 
	Date of Issue of Order 	12 October 2013 
	 	 
	Details of Work 	Project/Job Title: Verification service of EQ,
      CGID 
	  	and QVD for KHNP 
	 	 
	(include full details of scope) 	Discipline/qualification requirements: nuclear
      safety 
	  	and regulation, Commercial-Grade Item
      Dedication 
	 	 
	(attach specification if necessary) 	(CGID) and Counterfeit, Fraudulent, and Suspect
    
	  	Items (CFSI) 
	 	 
	  	LR Control Number: 
	 	 
	Client name 	KHNP 
	 	 
	Main Agreement details 	Services to be performed under this work order
      are: 




	
      • 
	
      From October 4 on, prepare for KHNP kick-off meeting,
      CFSI and CGID references and draft instructions. 

	
      • 
	
      Attend KHNP Kick off meeting; 

	
      • 
	
      Prepare work instruction for CGID; 

	
      • 
	
      Prepare Implementation Plan for CGID; 

	
      • 
	
      Prepare Training material for CGID and CFSI; 

	
      • 
	
      Deliver training for CGID and CFSI in Korea; and
  

	
      • 
	
      Recruit and make arrangements to provide expert technical
      staff for work herein. 

	
      • 
	
      Other activities in relation to the KHNP Contract as
      directed by LR. 




Lightbridge to provide work plan on a
2-week basis. LR will inform Lightbridge within 3 days of receipt if there is
planned work that should be modified or not be performed. 

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	Special Conditions 	
      1.1 
	
      Lightbridge will invoice LR for the services on a time
      and expense basis. Detailed invoices will be provided on a monthly basis
      with a separate invoice provided as related to each Order of Work.
  

	  		
		
      1.2 
	
      The Work will be performed by the following staff and the
      associated cost rate: 

	  	  	  	Cost Rate 
	  	  	Lightbridge Staff 	(USD per hour) 
	  	  	*[Redacted]* 	*[Redacted]* 
	  	  	 
		
      The use of other Lightbridge staff shall be approved by
      LR and KHNP. 

	  	
      
	
       

		
      1.3 
	
      Travel costs incurred by Lightbridge shall be reimbursed
      by LR at cost. For Seoul, Korea round-trip travel time invoiced to LR
      shall not exceed 16 hours per round-trip. Lodging in support of travel may
      be provided and paid by Lloyd’s, or may be directed by LR at a specific
      hotel identified by LR, subject to the condition that the paid or directed
      lodging is mutually agreeable to LR and Lightbridge. In lieu of certain
      actual expenses, a perdiem of *[Redacted]* for food, taxis, and
      misc. expenses is authorized. 

	  	
      
	
       

		
      1.4 
	
      Lightbridge will be responsible for monitoring and
      communicating budget status for the work under each order of work and
      provide weekly time sheet and expenses to LR. Lightbridge will be
      responsible for communicating needs, if any, for revisions to budgets for
      any given Order of Work, and Lightbridge will incur cost in excess of
      authorized budget only if advance written authorization is not provided by
      LR. 

	  	
      
	
       

		
      1.5 
	
      *[Redacted]* will be the Lightbridge Manager
      responsible for the work. 

	  	
      
	
       

		
      1.6 
	
      LR Technical Manager is *[Redacted]* and the
      project administration contact is *[Redacted]*. 

	  	
      
	
       

	Period of Work 	
      4 October 2013 to 30 January 2014 

	  	
      
	
       

	Notice of period (if applicable) 	Not applicable 


___________________________________
* *[Redacted]*
indicates confidential information that has been omitted in reliance on Rule
24b-2 of the Securities Exchange Act of 1934. The confidential information has
been submitted separately to the U.S. Securities and Exchange Commission. 

2 





	Location (if applicable) 	
      To prepare for and attend meetings in Korea as required;
      work can be done in additional locations with LR approvals. 

	 	
       

	Standard hours (if applicable) 	
      Not applicable 

	 	
       

	Hourly rate (if applicable) 	
      Standard Hours: as defined in Clause 1.2 of Special
      Conditions. 

	 	
       

	  	
      Overtime: Not applicable 

	 	
       

	Price 	
      Maximum Contract value of USD 150,000.00 inclusive of
      expenses and taxes. 

	 	
       

	Invoicing arrangements 	
      Monthly 



The terms of the Agreement between LR and the Supplier dated 12
October shall apply. 


	SIGNED for and on behalf of 	/s/
      Young-Soo, Kim 
	[INSERT LR ENTITY NAME] 	  





	Name: 	Young-Soo, Kim 



Position: Designated Manager 


	Date: 	29 Oct
      2013 



SIGNED for and on behalf of Lightbridge Corporation 

  [INSERT
SUPPPLIER’S NAME] 


	Name: 	James
      Guerra /s/ James Guerra 
	 	 
	Position: 	Chief Operating Officer 
	 	 
	Date: 	29
      October, 2013 



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