0001193125-04-184703 Sample Contracts

MARATHON OIL CORPORATION STOCK APPRECIATION RIGHT AWARD AGREEMENT Members of Marathon Executive Committee
Marathon Oil Corp • November 3rd, 2004 • Petroleum refining

Pursuant to this Award Agreement, MARATHON OIL CORPORATION (the “Corporation”) hereby grants to [NAME] (the “Grantee”), an employee of the Corporation or an Affiliate, on [DATE] (the “Grant Date”), a Stock Appreciation Right (“SAR”) for [NUMBER] shares of Common Stock (the “Award”) at an exercise price of $[xx.xx] per share (the “Grant Price”), pursuant to the Marathon Oil Corporation 2003 Incentive Compensation Plan (the “Plan”), with such number of shares and such price per share being subject to adjustment as provided in Section 17 of the Plan, and further subject to the following terms and conditions:

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MARATHON OIL CORPORATION NONQUALIFIED STOCK OPTION WITH TANDEM STOCK APPRECIATION RIGHT AWARD AGREEMENT Members of Marathon Executive Committee
Appreciation Right Award Agreement • November 3rd, 2004 • Marathon Oil Corp • Petroleum refining

Pursuant to this Award Agreement, MARATHON OIL CORPORATION (the “Corporation”) hereby grants to [NAME] (the “Grantee”), an employee of the Corporation or an Affiliate, on [DATE] (the “Grant Date”), a Non-qualified Stock Option with a tandem Stock Appreciation Right (“SAR”) for [NUMBER] shares of Common Stock (the “Award”) at an exercise price of $[price] per share (the “Grant Price”), pursuant to the Marathon Oil Corporation 2003 Incentive Compensation Plan (the “Plan”), with such number of shares and such price per share being subject to adjustment as provided in Section 17 of the Plan, and further subject to the following terms and conditions:

Contract
Limited Liability • November 3rd, 2004 • Marathon Oil Corp • Petroleum refining • Delaware

AMENDMENT NO. 1 dated as of March 17, 2004 (this “Amendment”), to the Amended and Restated Limited Liability Company Agreement dated as of December 31, 1998 (the “MAP LLC Agreement”) of Marathon Ashland Petroleum LLC (the “Company”), by and between Marathon Oil Company, an Ohio corporation (“Marathon”), and Ashland Inc., a Kentucky corporation (“Ashland”).

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