0001193125-10-120399 Sample Contracts

MAGELLAN PETROLEUM CORPORATION 1998 STOCK INCENTIVE PLAN NONQUALIFIED STOCK OPTION AWARD AGREEMENT
Nonqualified Stock Option Award Agreement • May 14th, 2010 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas
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MAGELLAN PETROLEUM CORPORATION RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • May 14th, 2010 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas

This Restricted Stock Award Agreement evidences the award of shares of restricted common stock, par value $0.01 per share (the “Common Stock”) of Magellan Petroleum Corporation (the “Company”) to the individual whose name appears below (the “Grantee”), pursuant to the provisions of the Company’s 1998 Stock Incentive Plan (the “Plan”) and on the following express terms and conditions (capitalized terms not otherwise defined herein shall have the meaning set forth in the Plan):

MAGELLAN PETROLEUM CORPORATION RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • May 14th, 2010 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas

This Restricted Stock Award Agreement evidences the award of shares of restricted common stock, par value $0.01 per share (the “Common Stock”) of Magellan Petroleum Corporation (the “Company”) to the individual whose name appears below (the “Grantee”), pursuant to the provisions of the Company’s 1998 Stock Incentive Plan (the “Plan”) and on the following express terms and conditions (capitalized terms not otherwise defined herein shall have the meaning set forth in the Plan):

Evans Shoal – Assets Sale Deed Santos Offshore Pty Ltd Magellan Petroleum Australia Limited
Assets Sale Deed • May 14th, 2010 • Magellan Petroleum Corp /De/ • Crude petroleum & natural gas • South Australia
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