0001193125-12-099017 Sample Contracts

Stock Option Grant Agreement
Stock Option Grant Agreement • March 6th, 2012 • McDermott International Inc • Fabricated plate work (boiler shops)

On March 5, 2012 (the “Date of Grant”) the Compensation Committee of the Board of Directors (the “Committee”) of McDermott International, Inc. (the “Company”) selected you to receive a grant of Non-Qualified Stock Options (the “Option”) under the Company’s 2009 McDermott International, Inc. Long-Term Incentive Plan (the “Plan”). The provisions of the Plan are incorporated herein by reference.

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Restricted Stock Unit Grant Agreement McDermott International, Inc. 2009 Long- Term Incentive Plan
Restricted Stock Unit Grant Agreement • March 6th, 2012 • McDermott International Inc • Fabricated plate work (boiler shops)

On March 5, 2012 (the “Date of Grant”), the Compensation Committee of the Board of Directors (the “Committee”) of McDermott International, Inc. (the “Company”) selected you to receive a grant of Restricted Stock Units (“RSUs”) under the Company’s 2009 Long-Term Incentive Plan (the “Plan”). The provisions of the Plan are incorporated herein by reference.

Total Shareholder Return Performance Share Grant Agreement
Total Shareholder Return Performance Share Grant Agreement • March 6th, 2012 • McDermott International Inc • Fabricated plate work (boiler shops)

On March 5, 2012 (the “Date of Grant”), the Compensation Committee of the Board of Directors (the “Committee”) of McDermott International, Inc. (“McDermott” or the “Company”) selected you to receive a grant of performance shares (“Performance Shares”) under the 2009 McDermott International, Inc. Long-Term Incentive Plan (the “Plan”). The provisions of the Plan are incorporated herein by reference.

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