0001193125-12-052465 Sample Contracts

MAGELLAN PETROLEUM CORPORATION NONQUALIFIED STOCK OPTION AWARD AND SUBSCRIPTION AGREEMENT
And Subscription Agreement • February 10th, 2012 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas • Delaware

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”).

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MAGELLAN PETROLEUM CORPORATION NONQUALIFIED STOCK OPTION AWARD AGREEMENT
Nonqualified Stock Option Award Agreement • February 10th, 2012 • 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 amended from time to time (the “Plan”). Terms used but not defined herein shall have the same meaning as in the Plan.

MAGELLAN PETROLEUM CORPORATION NONQUALIFIED STOCK OPTION PERFORMANCE AWARD AGREEMENT
Nonqualified Stock Option • February 10th, 2012 • 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 amended from to time (the “Plan”). Terms used but not defined herein shall have the same meaning as in the Plan).

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