0001193125-05-052259 Sample Contracts

INDEMNIFICATION AGREEMENT
Indemnification Agreement • March 16th, 2005 • Syntroleum Corp • Crude petroleum & natural gas • Delaware

This Indemnification Agreement (this “Agreement”) is made and entered into as of the 3rd day of January 2005 by and between Syntroleum Corporation, a Delaware corporation (the “Corporation”), and Greg G. Jenkins (“Indemnitee”).

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Syntroleum Employment Agreement CONFIDENTIAL
Employment Agreement • March 16th, 2005 • Syntroleum Corp • Crude petroleum & natural gas • Oklahoma

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into on the 3rd day of January, 2005, by and between Syntroleum Corporation, a Delaware corporation (the “Company”), and Greg G. Jenkins, an individual (the “Employee”).

SYNTROLEUM CORPORATION EMPLOYEE RESTRICTED STOCK AWARD AGREEMENT
Employee Restricted Stock Award Agreement • March 16th, 2005 • Syntroleum Corp • Crude petroleum & natural gas • Delaware

THIS AGREEMENT (“Agreement”), made as of the * day of * 2004 (the “Grant Date”), evidences an award by Syntroleum Corporation, a Delaware corporation (the “Company”) to * (the “Grantee”) pursuant to the 1993 Stock Option and Incentive Plan (the ”Plan”). Capitalized terms used and not otherwise defined herein shall have the meaning ascribed thereto in the Plan.

PARTICIPATION AGREEMENT FOR OIL MINING LEASE 113, FEDERAL REPUBLIC OF NIGERIA AMONG YINKA FOLAWIYO PETROLEUM COMPANY LIMITED SYNTROLEUM NIGERIA LIMITED AND LUNDIN PETROLEUM B.V. PALACE EXPLORATION COMPANY CHALLENGER MINERALS INC. PROVIDENCE RESOURCES...
Participation Agreement • March 16th, 2005 • Syntroleum Corp • Crude petroleum & natural gas • England

Howard Energy Co., Inc., a company incorporated in the State of Delaware, USA (“Howard”), (Lundin, Palace, Challenger, Providence and Howard, if not a Nigerian company intend to incorporate a subsidiary in Nigeria to hold its interest in the Lease and the JOA, are collectively referred to as “Farmees”),

Stock Option Agreement CONFIDENTIAL
Stock Option Agreement • March 16th, 2005 • Syntroleum Corp • Crude petroleum & natural gas • Oklahoma

This Stock Option Agreement (the “Agreement”) made effective as of the * day of *, 2004, by and between Syntroleum Corporation, a Delaware corporation (“Syntroleum”) and * (“Grantee”), evidences the grant by Syntroleum of an option (the “Option”) to Grantee to purchase shares of Syntroleum common stock, par value $0.01 per share (“Common Stock”), pursuant to action of the Board of Directors on * (the “Date of Grant”) and Grantee’s acceptance of the Option in accordance with the provisions of the Syntroleum 1993 Stock Option and Incentive Plan (the “Plan”). Syntroleum and Grantee agree as follows.

SYNTROLEUM CORPORATION Director Stock Option Agreement CONFIDENTIAL
Director Stock Option Agreement • March 16th, 2005 • Syntroleum Corp • Crude petroleum & natural gas • Oklahoma

This Stock Option Agreement (the “Agreement”) is made effective as of the 1st day of January , by and between Syntroleum Corporation, a Delaware corporation (the “Company”) and (“Grantee”), and evidences the grant by the Company of an option to Grantee to purchase shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), pursuant to action of the Board of Directors on January 1, (the “Date of Grant”) and Grantee’s acceptance of the option in accordance with the provisions of the Syntroleum Corporation Stock Option Plan for Outside Directors (the “Plan”). Capitalized terms used in this Agreement but not otherwise defined in this Agreement shall have the meanings as set forth in the Plan.

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