0000950129-06-007691 Sample Contracts

INDEMNIFICATION AGREEMENT
Indemnification Agreement • August 8th, 2006 • Houston Exploration Co • Oil & gas field exploration services • Delaware

This Indemnification Agreement (“Agreement”) is made as of (the “Effective Date”) by and between The Houston Exploration Company, a Delaware corporation (the “Company”), and (“Indemnitee”).

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THE HOUSTON EXPLORATION COMPANY 2004 LONG TERM INCENTIVE PLAN EMPLOYEE RESTRICTED STOCK AGREEMENT
2004 Long Term Incentive Plan Employee Restricted Stock Agreement • August 8th, 2006 • Houston Exploration Co • Oil & gas field exploration services • Texas

This Restricted Stock Agreement (the “Agreement”) is made between The Houston Exploration Company, a Delaware corporation (the “Company”), and «Name» (the “Employee”). The Company considers that its interests will be served by granting Employee shares of restricted common stock of the Company as an inducement for his or her continued and effective performance of services to the Company. The Board of Directors has adopted, and the stockholders have approved, The Houston Exploration Company 2004 Long Term Incentive Plan (the “Plan”). The Employee has been designated as a participant in the Plan.

THE HOUSTON EXPLORATION COMPANY AMENDED AND RESTATED 2004 LONG TERM INCENTIVE PLAN NONQUALIFIED OPTION AGREEMENT
2004 Long Term Incentive Plan Nonqualified Option Agreement • August 8th, 2006 • Houston Exploration Co • Oil & gas field exploration services • Texas

This Stock Option Agreement (the “Agreement”) is made between The Houston Exploration Company, a Delaware corporation (the “Company”), and «Name»(the “Employee”). The Company considers that its interests will be served by granting Employee an option to purchase shares of common stock of the Company as an inducement for his or her continued and effective performance of services to the Company. The Board of Directors has adopted, and the stockholders have approved, The Houston Exploration Company Amended and Restated 2004 Long Term Incentive Plan (the “Plan”). The Employee has been designated as a participant in the Plan.

FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
Credit Agreement • August 8th, 2006 • Houston Exploration Co • Oil & gas field exploration services • Texas

THIS FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “First Amendment”) is effective as of May 31, 2006 and is entered into among THE HOUSTON EXPLORATION COMPANY, a corporation duly organized and validly existing under the laws of the State of Delaware (the “Company”); each of the financial institutions that is a signatory hereto (together with their respective successors or assigns, individually, a “Lender” and, collectively, the “Lenders”); WACHOVIA BANK, NATIONAL ASSOCIATION, individually, as Issuing Bank and as Administrative Agent for the Lenders (in such latter capacity, together with its successors in such capacity, the “Administrative Agent”); THE BANK OF NOVA SCOTIA and BANK OF AMERICA, as Co-Syndication Agents (in such capacity, together with their respective successors in such capacity, collectively the “Syndication Agents”); and BNP PARIBAS and COMERICA BANK, as Co-Documentation Agents (in such capacity, together with their respective successors in such capac

THE HOUSTON EXPLORATION COMPANY AMENDED AND RESTATED 2004 LONG TERM INCENTIVE PLAN DIRECTOR RESTRICTED STOCK AGREEMENT
2004 Long Term Incentive Plan Director Restricted Stock Agreement • August 8th, 2006 • Houston Exploration Co • Oil & gas field exploration services • Texas

This Restricted Stock Agreement (the “Agreement”) is made between The Houston Exploration Company, a Delaware corporation (the “Company”), and «Director_Name» (the “Director”). The Company considers that its interests will be served by granting Director shares of restricted common stock of the Company as an inducement for his or her continued and effective performance of services as a member of the Board of Directors of the Company (the “Board” or “Board of Directors”). The Board of Directors has adopted, and the stockholders have approved, The Houston Exploration Company Amended and Restated 2004 Long Term Incentive Plan (the “Plan”). The Director is a participant in the Plan.

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