0001193125-11-314359 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • November 16th, 2011 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas • Delaware

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of the 2nd day of November 2011, by and between MAGELLAN PETROLEUM CORPORATION, a Delaware corporation (“Magellan” or the “Company”) and J. Thomas Wilson, an individual residing at 55 W. 12th Ave., Unit 409, Denver 80204 (the “Executive”). Each of the Company and the Executive are individually referred to herein as a “Party” and collectively as the “Parties.”

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INDEMNIFICATION AGREEMENT
Indemnification Agreement • November 16th, 2011 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas • Delaware

This Indemnification Agreement (this “Agreement”) is made as of the 2nd_day of October, 2011 (the “Effective Date”), by and between Magellan Petroleum Corporation, a Delaware corporation (the “Company”), and J. Thomas Wilson, an individual residing at 55 W. 12th Ave., Unit 409, Denver 80204 (the “Indemnitee”).

MAGELLAN PETROLEUM CORPORATION RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • November 16th, 2011 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas

This Restricted Stock Award Agreement evidences the award of shares of restricted common stock, par value $0.01 per share (the “Common Stock”) of Magellan Petroleum Corporation (the “Company”) to the individual whose name appears below (the “Grantee”), pursuant to the provisions of the Company’s 1998 Stock Incentive Plan, as may be amended from time to time (the “Plan”), and on the following express terms and conditions (capitalized terms not otherwise defined herein shall have the meaning set forth in the Plan):

MAGELLAN PETROLEUM CORPORATION NONQUALIFIED STOCK OPTION AWARD AGREEMENT
Nonqualified Stock Option Award Agreement • November 16th, 2011 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas

THIS AGREEMENT is made as of the grant date indicated in Section 3 below (the “Grant Date”) between Magellan Petroleum Corporation, a Delaware corporation (the “Company”), and the undersigned individual (the “Optionee”), pursuant to the Magellan Petroleum Corporation 1998 Stock Incentive Plan, as may be amended from time to time (the “Plan”). Terms used but not defined herein shall have the same meaning as in the Plan.

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