0000950123-09-033071 Sample Contracts

CALLON PETROLEUM COMPANY NONQUALIFIED STOCK OPTION AWARD AGREEMENT

Nonqualified Stock Option Award Agreement • August 10th, 2009 • Callon Petroleum Co • Crude petroleum & natural gas • Delaware

• Contract Type
  Nonqualified Stock Option Award Agreement
• Filed
  August 10th, 2009
• Company
  Callon Petroleum Co
• Industry
  Crude petroleum & natural gas
• Jurisdiction
  Delaware

THIS NONQUALIFIED STOCK OPTION AWARD AGREEMENT (this “Agreement”) is entered into this 1st day of June, 2009, between Callon Petroleum Company, a Delaware corporation (the “Company”) and Steven B. Hinchman (“Grantee”), an employee of the Company. The Compensation Committee of the Company (the “Committee”) has this day authorized the grant of the option set forth below to Grantee.

CALLON PETROLEUM COMPANY PERFORMANCE SHARE AWARD AGREEMENT

Callon Petroleum Company Performance Share Award Agreement • August 10th, 2009 • Callon Petroleum Co • Crude petroleum & natural gas • Delaware

• Contract Type
  Callon Petroleum Company Performance Share Award Agreement
• Filed
  August 10th, 2009
• Company
  Callon Petroleum Co
• Industry
  Crude petroleum & natural gas
• Jurisdiction
  Delaware

THIS AGREEMENT is entered into this 1st day of June, 2009, between Callon Petroleum Company, a Delaware corporation (the “Company”) and Steven B. Hinchman (“Grantee”), an employee of the Company. The Compensation Committee (the “Committee”) of the Company has authorized the grant of shares of common stock of the Company, par value $0.01 per share (“Shares”), set forth below to Grantee.