0001193125-05-138160 Sample Contracts

Stock Option Agreement CONFIDENTIAL
Stock Option Agreement • July 6th, 2005 • Syntroleum Corp • Crude petroleum & natural gas • Oklahoma

This Stock Option Agreement (the “Agreement”) made effective as of the * day of *, 2005, 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 Corporation 2005 Stock Incentive Plan (the “Plan”). Syntroleum and Grantee agree as follows.

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SYNTROLEUM CORPORATION EMPLOYEE RESTRICTED STOCK AWARD AGREEMENT
Stock Incentive Plan • July 6th, 2005 • Syntroleum Corp • Crude petroleum & natural gas • Oklahoma

THIS AGREEMENT (“Agreement”), made as of the * day of * 2005 (the “Grant Date”), evidences an award by Syntroleum Corporation, a Delaware corporation (the “Company”) to * (the “Grantee”) pursuant to the 2005 Stock Incentive Plan (the ”Plan”). Capitalized terms used and not otherwise defined herein shall have the meaning ascribed thereto in the Plan.

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