0001193125-13-084223 Sample Contracts

March 5, 2013 Stock Option Grant Agreement
Stock Option Grant Agreement • February 28th, 2013 • McDermott International Inc • Fabricated plate work (boiler shops)

On February 27, 2013, 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 Non-Qualified Stock Options (the “Option”) under the 2009 McDermott International, Inc. Long-Term Incentive Plan (the “Plan”) on March 5, 2013 (the “Date of Grant”). The provisions of the Plan are incorporated herein by reference.

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March 5, 2013 Restricted Stock Unit Grant Agreement
Restricted Stock Unit Grant Agreement • February 28th, 2013 • McDermott International Inc • Fabricated plate work (boiler shops)

On February 27, 2013, 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 Restricted Stock Units (“RSUs”) under the 2009 McDermott International, Inc. Long-Term Incentive Plan (the “Plan”) on March 5, 2013 (the “Date of Grant”). The provisions of the Plan are incorporated herein by reference.

March 5, 2013 Retention Restricted Stock Unit Grant Agreement
Retention Restricted Stock Unit Grant Agreement • February 28th, 2013 • McDermott International Inc • Fabricated plate work (boiler shops)

On February 27, 2013, 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 Restricted Stock Units (“RSUs”) under the 2009 McDermott International, Inc. Long-Term Incentive Plan (the “Plan”) on March 5, 2013 (the “Date of Grant”). The provisions of the Plan are incorporated herein by reference.

March 5, 2013 Performance Share Grant Agreement
Performance Share Grant Agreement • February 28th, 2013 • McDermott International Inc • Fabricated plate work (boiler shops)

On February 27, 2013, 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”) on March 5, 2013 (the “Date of Grant”). The provisions of the Plan are incorporated herein by reference.

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