0001193125-10-029912 Sample Contracts

INDEMNIFICATION AGREEMENT
Indemnification Agreement • February 12th, 2010 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas • Delaware

This Indemnification Agreement (this “Agreement”) is made as of the 10th day of February, 2010 (the “Effective Date”), by and between Magellan Petroleum Corporation, a Delaware corporation (the “Company”), and William E. Begley, Jr., an individual residing at 6234 Holly Springs Drive, Houston, TX 77057 (the “Indemnitee”).

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EMPLOYMENT AGREEMENT
Employment Agreement • February 12th, 2010 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas • Delaware

THIS AGREEMENT is made and entered into as of the 10th day of February 2010, between and among MAGELLAN PETROLEUM CORPORATION, a Delaware corporation (“Magellan” or “the Company”) and William E. Begley, Jr. an individual residing at 6234 Holly Springs Drive, Houston, TX 77057 (the “Executive”).

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MAGELLAN PETROLEUM CORPORATION NONQUALIFIED STOCK OPTION PERFORMANCE AWARD AGREEMENT (TRANCHE C)
Performance Award Agreement • February 12th, 2010 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas

THIS AGREEMENT, made as of the grant date indicated in Section 3 below (the “Grant Date”), and between Magellan Petroleum Corporation, a Delaware corporation (the “Company”), and the undersigned individual (the “Optionee”), pursuant to the Magellan Petroleum Corporation 1998 Stock Incentive Plan, as amended through May 27, 2009 (the “Plan”). Terms used but not defined herein shall have the same meaning as in the Plan).

Sample 1
MAGELLAN PETROLEUM CORPORATION NONQUALIFIED STOCK OPTION AWARD AGREEMENT (TRANCHE A)
Nonqualified Stock Option Award Agreement • February 12th, 2010 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas

THIS AGREEMENT, made as of the grant date indicated in Section 3 below (the “Grant Date”), and between Magellan Petroleum Corporation, a Delaware corporation (the “Company”), and the undersigned individual (the “Optionee”), pursuant to the Magellan Petroleum Corporation 1998 Stock Incentive Plan, as amended through May 27, 2009 (the “Plan”). Terms used but not defined herein shall have the same meaning as in the Plan.

Sample 1
MAGELLAN PETROLEUM CORPORATION NONQUALIFIED STOCK OPTION PERFORMANCE AWARD AGREEMENT (TRANCHE B)
Performance Award Agreement • February 12th, 2010 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas

THIS AGREEMENT, made as of the grant date indicated in Section 3 below (the “Grant Date”), and between Magellan Petroleum Corporation, a Delaware corporation (the “Company”), and the undersigned individual (the “Optionee”), pursuant to the Magellan Petroleum Corporation 1998 Stock Incentive Plan, as amended through May 27, 2009 (the “Plan”). Terms used but not defined herein shall have the same meaning as in the Plan).

Sample 1
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