0001040593-09-000030 Sample Contracts

Contract
Employment Agreement • June 9th, 2009 • Carrizo Oil & Gas Inc • Crude petroleum & natural gas • Texas

opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities that are, in each case, less favorable to the Executive, in the aggregate, than the most favorable plans of the Company and its affiliated companies. As used in this Agreement, the term “most favorable” shall, when used with reference to any plans, practices, policies or programs of the Company and its affiliated companies, be deemed to refer to the plans, practices, policies or programs of the Company and its affiliated companies, as in effect at any time during the Employment Period and provided generally to other executives of the Company or its affiliated companies, which are most favorable to the Executive.

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INCENTIVE PLAN OF CARRIZO OIL & GAS, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT
Incentive Plan • June 9th, 2009 • Carrizo Oil & Gas Inc • Crude petroleum & natural gas • Texas

THIS AGREEMENT (“Agreement”) is effective as of the 3rd day of June, 2009 (the “Grant Date”), by and between Carrizo Oil & Gas, Inc., a Texas corporation (the “Company”), and ______________ (the “Grantee”).

INCENTIVE PLAN OF CARRIZO OIL & GAS, INC. STOCK APPRECIATION RIGHTS AGREEMENT
Incentive Plan • June 9th, 2009 • Carrizo Oil & Gas Inc • Crude petroleum & natural gas • Texas

THIS AGREEMENT (“Agreement”) is made as of the 3rd day of June, 2009 (the “Grant Date”), by and between Carrizo Oil & Gas, Inc., a Texas corporation (the “Company”), and employee name (the “Grantee”).

STOCK APPRECIATION RIGHTS AGREEMENT PURSUANT TO THE CARRIZO OIL & GAS, INC. CASH-SETTLED STOCK APPRECIATION RIGHTS PLAN
Stock Appreciation Rights Agreement • June 9th, 2009 • Carrizo Oil & Gas Inc • Crude petroleum & natural gas • Texas

THIS AGREEMENT (“Agreement”) is made as of the 3rd day of June, 2009 (the “Grant Date”), by and between Carrizo Oil & Gas, Inc., a Texas corporation (the “Company”), and employee name (the “Grantee”).

Accepted and Agreed: WELLS FARGO BANK, N.A.,
Carrizo Oil & Gas Inc • June 9th, 2009 • Crude petroleum & natural gas
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