0000950123-09-022168 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • July 14th, 2009 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas • Delaware

This Registration Rights Agreement (the “Agreement”) is made and entered into as of this 9th day of July, 2009, by and between Magellan Petroleum Corporation, a Delaware corporation (the “Company”), and Young Energy Prize S.A., a Luxembourg corporation (the “Investor”).

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MAGELLAN PETROLEUM CORPORATION NONQUALIFIED STOCK OPTION AWARD AGREEMENT
Nonqualified Stock Option Award Agreement • July 14th, 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”), by 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 and as further amended on March 19, 2009 and May 27, 2009 (the “Plan”). Terms used but not defined herein shall have the same meaning as in the Plan).

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Contract
Consulting Agreement • July 14th, 2009 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas • Delaware
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MAGELLAN PETROLEUM CORPORATION NONQUALIFIED STOCK OPTION PERFORMANCE AWARD AGREEMENT
Nonqualified Stock Option • July 14th, 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”), by 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 and as further amended on March 19, 2009 and May 27, 2009 (the “Plan”). Terms used but not defined herein shall have the same meaning as in the Plan).

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