0001193125-05-102951 Sample Contracts

NONSTATUTORY STOCK OPTION AWARD AGREEMENT FOR DISCRETIONARY DIRECTOR GRANTS

Nonstatutory Stock Option Award Agreement • May 10th, 2005 • Spinnaker Exploration Co • Crude petroleum & natural gas • Delaware

• Contract Type
  Nonstatutory Stock Option Award Agreement
• Filed
  May 10th, 2005
• Company
  Spinnaker Exploration Co
• Industry
  Crude petroleum & natural gas
• Jurisdiction
  Delaware

THIS AGREEMENT is made as of the day of , , (the ”Agreement”) between SPINNAKER EXPLORATION COMPANY, a Delaware corporation (the “Company”), and (“Director”). Capitalized terms used but not defined herein shall have the meaning set forth in the SPINNAKER EXPLORATION COMPANY 2005 STOCK INCENTIVE PLAN (the “Plan”).

NONSTATUTORY STOCK OPTION AWARD AGREEMENT FOR EMPLOYEE GRANTS

Nonstatutory Stock Option Award Agreement • May 10th, 2005 • Spinnaker Exploration Co • Crude petroleum & natural gas • Delaware

• Contract Type
  Nonstatutory Stock Option Award Agreement
• Filed
  May 10th, 2005
• Company
  Spinnaker Exploration Co
• Industry
  Crude petroleum & natural gas
• Jurisdiction
  Delaware

THIS AGREEMENT is made as of the day of , , (the ”Agreement”) between SPINNAKER EXPLORATION COMPANY, a Delaware corporation (the “Company”), and (“Employee”). Capitalized terms used but not defined herein shall have the meaning set forth in the SPINNAKER EXPLORATION COMPANY 2005 STOCK INCENTIVE PLAN (the “Plan”).