0001193125-10-112848 Sample Contracts

INDEMNIFICATION AGREEMENT
Indemnification Agreement • May 7th, 2010 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas • Delaware

This Indemnification Agreement (this “Agreement”) is made as of the 3rd day of May, 2010 (the “Effective Date”), by and between Magellan Petroleum Corporation, a Delaware corporation (the “Company”), and Susan M. Filipos, an individual residing at 546 Elmwood Road, Pownal, Maine 04069 (the “Indemnitee”).

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EMPLOYMENT AGREEMENT
Employment Agreement • May 7th, 2010 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas • Maine

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of the 28th day of September, 2009, between and among MAGELLAN PETROLEUM CORPORATION, a Delaware corporation (“Magellan”) (“the Company”) and Susan M. Filipos, an individual residing at 546 Elmwood Road, Pownal, Maine 04069 (the “Employee”).

MAGELLAN PETROLEUM CORPORATION NONQUALIFIED STOCK OPTION AWARD AGREEMENT
Nonqualified Stock Option Award Agreement • May 7th, 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 (the “Plan”). Terms used but not defined herein shall have the same meaning as in the Plan.

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