0000950123-09-002226 Sample Contracts

INDEMNIFICATION AGREEMENT
Indemnification Agreement • February 9th, 2009 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas • Delaware

This Indemnification Agreement (this “Agreement”) is made as of the 3rd day of February, 2009, by and between Magellan Petroleum Corporation, a Delaware corporation (the “Company”), and William H. Hastings, an individual residing at 2 Thurston Lane, Falmouth, Maine 04105 (the “Indemnitee”).

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EMPLOYMENT AGREEMENT
Employment Agreement • February 9th, 2009 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas • Delaware

THIS AGREEMENT is made and entered into as of the 3rd day of February, 2009, by and between MAGELLAN PETROLEUM CORPORATION, a Delaware corporation (the “Company”), and William H. Hastings, an individual residing at 2 Thurston Lane, Falmouth, Maine 04105 (the “Executive”).

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MAGELLAN PETROLEUM CORPORATION NON-QUALIFIED STOCK OPTION AWARD AGREEMENT
Non-Qualified Stock Option Award Agreement • February 9th, 2009 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas

This Agreement, made as of the grant date indicated in Section 3 below (the “Grant Date”), and between Magellan Petroleum Corporation, a Delaware corporation (the “Company”), and the undersigned individual (the “Optionee”), pursuant to the Magellan Petroleum Corporation 1998 Stock Option Plan, as amended on October 24, 2007, as further amended and renamed the “1998 Stock Incentive Plan” on December 11, 2008 (the “Plan”). Terms used but not defined herein shall have the same meaning as in the Plan).

Sample 1
MAGELLAN PETROLEUM CORPORATION NON-QUALIFIED STOCK OPTION PERFORMANCE AWARD AGREEMENT
Non-Qualified Stock Option Performance Award Agreement • February 9th, 2009 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas

This Agreement, made as of the grant date indicated in Section 3 below (the “Grant Date”), and between Magellan Petroleum Corporation, a Delaware corporation (the “Company”), and the undersigned individual (the “Optionee”), pursuant to the Magellan Petroleum Corporation 1998 Stock Option Plan, as amended on October 24, 2007, as further amended and renamed the “1998 Stock Incentive Plan” on December 11, 2008 (the “Plan”). Terms used but not defined herein shall have the same meaning as in the Plan).

Sample 1
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